Despite difficult market conditions and adverse currency movements that continued throughout the first half of 2013, the decrease in revenue was much less pronounced than in the first quarter. The KION Group’s revenue was up by 0.7 per cent on the equivalent figure for the first half of 2012 after adjusting for the sale of the hydraulics business (€ 2,218.3 million).
New truck business almost matched the high level achieved in the same period in 2012 (€ 1,277.2 million), and revenue for the second quarter alone was up year on year. Growing unit sales of warehouse trucks largely compensated for the decrease in counterbalance trucks. Revenue generated by the service business also rose by 1.8 per cent to € 958.0 million (H1 2012: € 940.7 million) on the back of a strong second quarter and was largely driven by rental business and resurgent demand for services. >> TABLE 03
|
Revenue by product category |
>>TABLE 03 | |||||
|
in € million |
Q2 |
Q2 |
Change |
Q1–Q2 |
Q1–Q2 |
Change |
|
|
|
|
|
|
|
|
|
New business |
665.0 |
653.2 |
1.8 % |
1,276.5 |
1,277.2 |
-0.1 % |
|
Hydraulics |
− |
44.1 |
-100.0 % |
− |
92.7 |
-100.0 % |
|
Service offering |
484.2 |
468.9 |
3.3 % |
958.0 |
940.7 |
1.8 % |
|
After sales |
286.8 |
283.9 |
1.0 % |
570.6 |
567.9 |
0.5 % |
|
Rental business |
109.8 |
98.7 |
11.2 % |
217.6 |
206.4 |
5.4 % |
|
Used trucks |
55.9 |
56.8 |
-1.6 % |
108.7 |
110.1 |
-1.3 % |
|
Other |
31.7 |
29.5 |
7.6 % |
61.1 |
56.3 |
8.5 % |
|
Total |
1,149.3 |
1,166.1 |
-1.4 % |
2,234.4 |
2,310.5 |
-3.3 % |
|
|
|
|
|
|
|
|
|
Revenue—excluding Hydraulics Business |
1,149.3 |
1,122.3 |
2.4 % |
2,234.4 |
2,218.3 |
0.7 % |
|
Revenue by customer location |
>>TABLE 04 | |||||
|
in € million |
Q2 |
Q2 |
Change |
Q1–Q2 |
Q1–Q2 |
Change |
|
|
|
|
|
|
|
|
|
Western Europe |
827.2 |
843.6 |
-1.9 % |
1,612.2 |
1,665.2 |
-3.2 % |
|
Eastern Europe |
92.2 |
85.2 |
8.3 % |
176.2 |
167.6 |
5.1 % |
|
Americas |
70.2 |
76.8 |
-8.7 % |
140.6 |
151.1 |
-7.0 % |
|
Asia |
114.5 |
118.6 |
-3.4 % |
219.5 |
239.5 |
-8.4 % |
|
Rest of world |
45.1 |
42.0 |
7.5 % |
86.0 |
87.2 |
-1.4 % |
|
Total revenue |
1,149.3 |
1,166.1 |
-1.4 % |
2,234.4 |
2,310.5 |
-3.3 % |
Revenue broken down by customer location reflects the variation in economic conditions across the regions. The decline in the volume of business in western Europe was primarily attributable to the German market, despite the slight rise in revenue generated by the KION Group in the other western European countries.
In eastern Europe, the KION Group brand companies again achieved overall year-on-year revenue growth despite the very high revenue in 2012. While revenue in Asia and the Americas was down as a whole, that generated in Brazil continued to rise.
As a result of the increase in revenue generated outside Germany, the proportion of the Group’s total revenue generated internationally rose from 73.8 per cent to 75.2 per cent. The emerging markets accounted for 24.8 per cent of consolidated revenue compared with 23.9 per cent in the first half of 2012. >> TABLE 04