KION Group To Donate €257,000 To The Spanish Red Cross For Flood Relief Efforts (News With Additional Features)

EQS-News: KION GROUP AG / Key word(s): Miscellaneous
KION Group to donate €257,000 to the Spanish Red Cross for flood relief efforts (news with additional features)
12.12.2024 / 11:06 CET/CEST
The issuer is solely responsible for the content of this announcement.

KION Group to donate €257,000 to the Spanish Red Cross for flood relief efforts

• KION supports the Spanish Red Cross's efforts in the Valencia, Murcia and Andalusia regions of Spain
• Employees donate €9,500, increased to €250,000 by the KION Group
• Spanish Linde Material Handling and STILL dealer networks contribute €7,000

Frankfurt am Main, December 12, 2024 - The KION Group is donating €257,000 to the Spanish Red Cross (Cruz Roja Española) to support relief and reconstruction efforts in the wake of the devastating floods that hit the Spanish regions of Valencia, Murcia and Andalusia at the end of October.

"Fortunately, no KION employees or network partners in the affected areas were injured in the floods. However, we are still deeply affected by this tragedy and, as a company operating in the region, we want to do our part to support the people affected and help rebuild the infrastructure," said Valeria Gargiulo, Chief People & Sustainability Officer of the KION Group.

During the floods, the Linde Material Handling branch in Valencia suffered structural damage, which has been repaired over the past few weeks. The Linde Valencia team is working with great dedication to return to normal operations and continue our activities in the region. STILL dealer Daniel Monzón also reported isolated material damage. The Dematic facilities near Madrid and Barcelona were not affected, but Dematic colleagues provided local support.

KION employees from around the world donated money in November and December as part of an internal fundraising campaign set up in conjunction with the Spanish Red Cross. In 15 days, KION employees donated a total of €9,500. The KION Group decided to increase this amount to €250,000. In addition, Carelsa from the Linde Material Handling Spain dealer network donated €4,000 and José Vidal, S.L.U from the STILL Spain dealer network €3,000 bringing the total amount raised to €257,000.

Furthermore, KION granted paid leave to Spanish employees who had a personal connection to the affected region and wished to participate in humanitarian relief efforts.

"We are extremely grateful to our employees who not only generously donated to help the victims of the floods, but also did their best to keep our business in Spain running and to help our customers who were affected," said Andreas Krinninger, President KION ITS EMEA and member of the KION Executive Board. "We are more than happy to support their solidarity by increasing the amount and hope that this sum can help the Spanish Red Cross to provide vital assistance to those affected."

For more information on how you can help those affected by the floods, please visit the Spanish Red Cross website at

The Company

The KION Group is one of the world's leading providers of industrial trucks and supply chain solutions. Its full spectrum of services includes industrial trucks, such as forklift trucks and warehouse trucks, as well as integrated automation technologies and software solutions for the optimization of supply chains-including all related services. The KION Group's solutions ensure the smooth flow of materials and information in customers' warehouses, production plants, and distribution centers in over 100 countries.

The MDAX listed group is the largest manufacturer of industrial trucks in the EMEA region based on the number of units sold in 2022. Based on revenue for the year 2023, the KION Group is the leading overseas manufacturer in China, and including domestic manufacturers, the third-largest supplier there. The KION Group is also one of the world's leading warehouse automation providers, based on 2023 revenue.

At the end of 2023, more than 1.8 million industrial trucks of the KION Group were in use by customers from all manner of sectors and of varying sizes on six continents. The group currently has more than 42,000 employees and generated revenue of approx. € 11.4 billion in the 2023 financial year.

You can access up-to-date image material for the KION Group via our image database as well as on our respective brands' websites.

(DL)

Disclaimer

This release and the information contained herein are for information purposes only and do not constitute a prospectus or an offer to sell or a solicitation of an offer to buy any securities in the United States or in any other jurisdiction.

This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ significantly from the results that are currently expected due to various risk factors and uncertainties such as changes in economic or industry-specific conditions, changes in the market environment or political situation, changes in domestic or international legislation, interest rate or exchange rate fluctuations, legal disputes and investigations, and the availability of financial resources. We do not assume any responsibility for updating the forward-looking statements in this release.

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