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KION Group has no need to increase capital |
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Wiesbaden, 3 December 2008. The KION Group GmbH has countered media
speculation that the company might need to raise additional capital.
Harald Pinger, the KION Group's CFO, said on Wednesday in Wiesbaden:
"We are not even considering it. Our Group is well prepared for the
current macroeconomic situation." He went on to say that KION has
sound and long-term funding in place. KION's operational performance
enables it to fulfill all its financial obligations, even in a more
difficult economic environment.
The Company
The KION Group, with its Linde, STILL and OM brands, is the European
market leader in industrial trucks and the global number two in the
industry. In 2007, it employed over 21,000 people and generated
revenue of more than ¤4.3 billion.
For further information please contact
Michael Hauger
Head of Communications and Investor Relations
Tel.: +49 (0)611 770 655
Email: michael.hauger@kiongroup.com
Frank Kopfinger
Head of Investor Relations
Tel.: +49 (0)611 770 220
Email: frank.kopfinger@kiongroup.com
This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
Copyright © Hugin AS 2008. All rights reserved.
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