BERLIN (dpa-AFX) - Kion Group AG (KGX.DE), a German maker of materials
handling equipment, announced on Wednesday that it expects goodwill impairment
of around 22 million euros for the KION ITS Americas operating unit in the
Industrial Trucks and Services segment.

As a result, for the second-quarter, the company projects net income before
minorities of around 69 million euros.

This goodwill impairment will also reduce net income before minorities for the
full-year by the same amount, the company pointed out.

The Group will announce its second-quarter financial results on July 31.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX