The development of kayao group will continue to grow last year

Recently, kayao group announced its first quarter financial report in 2016, which showed that kayao Group continued a good growth trend last year.

In the first quarter, the total sales growth was nearly 5%, accounting for about 15% of global sales; sales revenue increased by 4.8%, and pre tax profit increased by 5.6% over the same period.

"We are very satisfied with the opening of this year," said Mr. Gordon Liske, CEO of Kai Ao group. "Our industry has recently benefited from the good trend of storage vehicles and electric forklifts. This trend has been driven by the development of e-commerce. As a leader in the field of global electric forklift, we should increase investment in this area, and invest in the high attraction market of automatic storage system.

In the first quarter of 2016, global market sales increased by 3.7%, and the growth rate was low compared to the same period in the previous two years, showing that the market is still in a stable adjustment state. Western Europe market has become the main driving force of growth, an increase of 12.5% over the same period last year. China's sales volume increased by 6.8% after the impact of the non road machinery emission regulation switch. Other regions generally maintained the same period last year or declined in different areas. From the point of view of the product structure, the electric storage vehicle is growing rapidly, and the replacement trend of the internal combustion vehicle is obvious by the electric balance heavy vehicle.

In February, Kai Ao Czech plant started operation. The new factory is an intelligent chemical plant characterized by digital interconnection. Currently, there are about 150 employees, with a total investment of nearly 12 million euros, with an area of 24 thousand square meters.

At the beginning of March, Kion group and its automation brand Egemin completed the acquisition of Retrotech North America, Kion status in the field of automatic warehouse system in the North American market to further consolidate.

In April, Moodie's credit rating to kaay rose from Ba2 to Ba1, mainly due to the continuous deleveraging of kaay group, good business performance in 2015 and good growth expectations in 2016.