DGAP-News: Sharp Rise in Procurement Costs and Disruptions in Supply Chains hit Q1 2022 Results of KION Group
However, the substantial increase in procurement costs and the global supply chain disruptions continued to impact the Group's profitability.
- However, the substantial increase in procurement costs and the global supply chain disruptions continued to impact the Group's profitability.
- KION Group's order intake rose by 10.4 percent to 2.900 billion (previous year: 2.626 billion) in the reporting period.
- It stated the existing disruptions to supply chains and rising raw material and energy prices will result in a much higher inflation rate.
- In the view of KION Group, the global market for supply chain solutions has continued to grow strongly in the reporting period.