In the reporting period, the KION Group steadfastly pursued its research and development (R&D) objectives. The KION Group aims to increase customer benefits in all price segments by introducing innovative drive systems, advanced ergonomics, intelligent intralogistics solutions and other developments while underpinning its leading position in the premium segment.
Research and development costs of € 58.8 million were below the comparable figure for 2012 (H1 2012: € 62.1 million). Total R&D spending equated to 2.6 per cent of total revenue, compared with 2.5 per cent in the first half of 2012.
Total R&D spending included depreciation and amortisation in the amount of € 22.3 million (H1 2012: € 26.9 million), while development costs of € 20.9 million (H1 2012: € 23.1 million) were capitalised. The number of full-time jobs in R&D teams stood at 871 at the end of June 2013 (31 December 2012: 847). >> TABLE 17
|
Total R&D spending |
>>TABLE 17 | |||||
|
in € million |
Q2 |
Q2 |
Change |
Q1–Q2 |
Q1–Q2 |
Change |
|
|
|
|
|
|
|
|
|
Research and development costs (P&L) |
29.4 |
29.0 |
1.4 % |
58.8 |
62.1 |
-5.3 % |
|
Amortisation expense |
-11.1 |
-13.4 |
17.5 % |
-22.3 |
-26.9 |
16.9 % |
|
Capitalised development costs |
11.0 |
12.1 |
-9.2 % |
20.9 |
23.1 |
-9.5 % |
|
Total R&D spending |
29.3 |
27.6 |
6.0 % |
57.3 |
58.2 |
-1.6 % |
|
R&D spending as percentage of revenue |
2.5 % |
2.4 % |
– |
2.6 % |
2.5 % |
– |