Research & development

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. To achieve these aims, the KION Group spends a substantial portion of its revenue on research and development (R&D).

In the first nine months of 2013, this spending amounted to €85.5 million, which was almost as much as in the comparative period of the previous year (Q1—Q3 2012: €86.2 million). Total expenditure equated to 2.6 per cent of total revenue, representing a slight year-on-year increase.

In the first nine months, total expenditure included depreciation and amortisation in the amount of €34.1 million (Q1—Q3 2012: €40.5 million), while development costs of €30.9 million (Q1—Q3 2012: €35.3 million) were capitalised. The number of full-time jobs in R&D teams stood at 919 as at 30 September 2013 (31 December 2012: 847), of which 249 jobs were in China.

Total R&D spending

>>TABLE 17

in € million

Q3
2013

Q3
2012

Change

Q1–Q3
2013

Q1–Q3
2012

Change

 

 

 

 

 

 

 

Research and development costs (P&L)

30.0

29.3

2.2 %

88.7

91.4

–2.9 %

Amortisation expense

–11.8

–13.6

13.4 %

–34.1

–40.5

15.7 %

Capitalised development costs

10.0

12.2

–18.1 %

30.9

35.3

–12.5 %

Total R&D spending

28.2

28.0

0.9 %

85.5

86.2

–0.8 %

R&D spending as percentage of revenue

2.6 %

2.5 %

2.6 %

2.5 %

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