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The KION GROUP AG reviews its performance for the fiscal year 2023 at its annual general meeting. All proposals from the supervisory board and management were accepted by a majority. The dividend of 0.70 euros per share will be distributed, which represents more than a tripling compared to the previous year. The KION Group continues to implement its strategy consistently and is well-prepared to seize the opportunities that arise in its business.
(Frankfurt) “Digitalization, automation, sustainability, and urbanization are megatrends shaping our world and our industry. We operate at the heart of global supply chains,” said Rob Smith, CEO of KION GROUP AG, during the annual general meeting on Wednesday, May 29, in Frankfurt am Main. In his speech, Smith reflected on the fiscal year 2023, which KION Group concluded with good results. He added that the positive momentum from the previous year gives the company momentum for the current fiscal year.
Investments in Core Business and Innovations
Smith also reported to the gathered shareholders about the strategic direction of the company in its core markets and the focus on innovations: “The future of KION largely depends on our research and development.” As an example, the CEO presented a completed project that brings the digital twin of a production environment or a warehouse to reality. Together with renowned partners like Google, the KION Group is working on the AI platform of the future, which will enable real-time localization of all goods and vehicles in the warehouse.
Revision of the Executive Compensation System
Around 140 shareholders represented over 84 percent of the share capital at the annual general meeting. The shareholders overwhelmingly approved all proposals from the supervisory board and management during the meeting, including the dividend payout of 0.70 euros per share (previous year: 0.19 euros per share), which corresponds to a payout ratio of around 30 percent, and with an approval rate of nearly 96 percent, the reformed executive compensation system. In revising the executive compensation system, KION GROUP AG took into account feedback from the past from the shareholder base.
Photo: © KION
