Revenue
The 8.4 per cent increase in revenue to €2,420.8 million (H1 2014: €2,233.3 million) was attributable to both new truck business and service business. There were also positive currency effects of €72.8 million.
Revenue from new truck business climbed to €1,317.0 million, compared with €1,191.4 million in the first half of 2014. Electric forklift trucks and warehouse trucks registered particularly sharp year-on-year increases. Revenue from the service business advanced by 5.9 per cent to reach €1,103.7 million (H1 2014: €1,041.9 million). This growth was attributable in part to a greater volume of servicing and maintenance work under service agreements. There was also a marked increase in short-term rental business compared with the first half of 2014. Overall, the service business generated 45.6 per cent of the KION Group’s total revenue (H1 2014: 46.7 per cent). > TABLE 03
|
Revenue by product category |
03 |
|||||
|
in € million |
Q2 2015 |
Q2 2014 |
Change |
Q1 – Q2 2015 |
Q1 – Q2 2014 |
Change |
|
New business |
695.0 |
613.7 |
13.2% |
1,317.0 |
1,191.4 |
10.5% |
|
Service business |
561.0 |
530.7 |
5.7% |
1,103.7 |
1,041.9 |
5.9% |
|
– Aftersales |
331.8 |
303.7 |
9.3% |
657.7 |
608.4 |
8.1% |
|
– Rental business |
129.5 |
120.5 |
7.5% |
256.5 |
236.9 |
8.2% |
|
– Used trucks |
66.6 |
68.6 |
–3.0% |
128.0 |
132.6 |
–3.5% |
|
– Other |
33.2 |
37.9 |
–12.5% |
61.6 |
64.0 |
–3.8% |
|
Total revenue |
1,256.0 |
1,144.4 |
9.8% |
2,420.8 |
2,233.3 |
8.4% |
Broken down by region, the increase in revenue was predominantly attributable to the European sales markets. China also helped to push up revenue. By contrast, revenue in South America decreased slightly. The growth markets outside western Europe together accounted for 25.1 per cent of consolidated revenue (H1 2014: 23.6 per cent). The proportion generated outside Germany came to 75.4 per cent (H1 2014: 74.1 per cent). > TABLE 04
|
Revenue by customer location |
|
|
|
04 |
||
|
in € million |
Q2 2015 |
Q2 2014 |
Change |
Q1 – Q2 2015 |
Q1 – Q2 2014 |
Change |
|
Western Europe |
910.2 |
832.8 |
9.3% |
1,763.4 |
1,649.1 |
6.9% |
|
Eastern Europe |
100.7 |
97.3 |
3.5% |
195.2 |
179.3 |
8.8% |
|
Americas |
71.4 |
61.7 |
15.6% |
130.5 |
116.9 |
11.6% |
|
Asia |
133.9 |
112.5 |
19.0% |
258.1 |
212.8 |
21.3% |
|
Rest of world |
39.8 |
40.0 |
–0.5% |
73.6 |
75.2 |
–2.2% |
|
Total revenue |
1,256.0 |
1,144.4 |
9.8% |
2,420.8 |
2,233.3 |
8.4% |