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Investing.com -- Shares of German industrial truck and forklift manufacturer, Kion, saw an increase on Thursday as the company announced a dividend hike for 2024 and provided an outlook that met expectations.
In the European morning trading session, Kion shares rose 5.8% to 42.79 euros.
Kion proposed a dividend increase to 0.82 euros per share, a significant rise from the previous year’s 0.70 euros. The company’s full-year results were as expected, with no major surprises, according to Baader Helvea analyst Peter Rothenaicher.
The 2024 results reported by Kion were in line with preliminary figures. The company’s net profit rose to 369.2 million euros ($387.1 million), up from the previous year’s 314.4 million euros.
Looking ahead to 2025, Kion has set its revenue target in the range of 10.90 billion euros to 11.70 billion euros.
The company also expects its adjusted Ebit to be between 720 million euros and 870 million euros.
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