14. Earnings per share

Basic earnings per share (€1.75; 2024: €2.75) is calculated by dividing the net income accruing to the KION GROUP AG shareholders by the weighted average number of shares outstanding during the reporting year (2025: 131.1 million no-par-value shares; 2024: 131.1 million no-par-value shares). The net income accruing to the shareholders of KION GROUP AG was €230.1 million in 2025 (2024: €360.3 million).

In 2025 and 2024, basic earnings per share and diluted earnings per share were the same amount because there were no no-par-value shares with a potentially dilutive effect.