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Full Year 2018 Kion Group AG Earnings Call Transcript
Yes, thank you. And welcome to our update call for the full year 2018. As a basis for this call, we'd like to use our full year 2018 presentation that's available on kiongroup.com under Investor Relations in the Presentations section. We will, as usual, be presenting four parts today and then open up to the discussion, for your questions. I will begin with the financial and strategic highlights for the full years 2018, followed by a market update. Anke Groth will then provide you with a financial update, and we will close the call with a new outlook for the fiscal year -- for the full year 2019 and our midterm targets for the group.
So let me start with the financial highlights on Page 3. We saw a very strong finish to the year-end on this basis, we fully achieved our outlook. In other words, we delivered. We saw a strong order development with an increase of 8.5% for the full year 2018 and revenue grew strongly by 5.2%. We reached an adjusted EBIT of EUR 790 million for the full year and this represents an adjusted margin of 9.9%
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