Highlights in 2011

The KION Group can look back on a successful 2011. Strong demand and rigorous cost management led to significant year-on-year increases in revenue and earnings.

  • Strong demand in Germany and the BRIC countries
  • Order intake rises by 21 per cent to €4,682 million
  • Revenue climbs by 24 per cent to €4,368 million
  • Adjusted EBIT margin more than doubles to 8.3 per cent
  • Negative net earnings due to one-off items
  • Free cash flow before tax increases more than threefold
  • Successful placement of a secured corporate bond with a volume of €500 million
  • Leading position maintained in the global market: number one in Europe, number two worldwide

KION Group key figures

 

 

 

 

€ million

2011

2010

2009

Changes
2011/2010

¹ Adjusted for KION acquisition items and one-off items

² Cash and current securities

³ Internal key performance indicator

 

 

 

 

 

Revenue

4,368

3,534

3,084

23.6%

In Germany

1,175

900

770

30.6%

Outside Germany

3,194

2,634

2,314

21.2%

Order intake

4,682

3,860

3,028

21.3%

Order backlog

953

801

533

18.9%

 

 

 

 

 

EBITDA

569

380

183

49.7%

Adjusted EBITDA¹

665

462

311

43.9%

EBIT

213

35

-182

>100%

Adjusted EBIT¹

365

139

-29

>100%

Loss for the year

-93

-197

-366

52.8%

 

 

 

 

 

Cash and cash equivalents²

373

253

463

47.7%

Financial debt after borrowing costs

2,997

2,872

2,918

4.4%

Financial debt

3,030

2,894

2,948

4.7%

Net financial debt

2,657

2,641

2,484

0.6%

Equity

-488

-400

-213

-21.9%

 

 

 

 

 

Adjusted EBITDA margin¹

15.2%

13.1%

10.1%

Adjusted EBIT margin¹

8.3%

3.9%

-0.9%

 

 

 

 

 

Free cash flow before tax³

282

83

34

>100%

 

 

 

 

 

Capital expenditures

133

123

108

7.7%

Total spending on R&D

120

103

101

16.3%

R&D spending/revenue (%)

2.8%

2.9%

3.3%

 

 

 

 

 

Employees incl. apprentices and trainees as at 31 December

21,862

19,968

19,953

9.5%

R&D employees

900

827

833

8.8%

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