Revenue

The new truck business and service business contributed to the increase in revenue, which went up by 4.8 per cent to €1,220.6 million (Q1 2015: €1,164.8 million). Egemin Automation contributed revenue of €19.8 million. There were overall negative currency effects of €21.1 million.

Revenue from new truck business increased to €638.8 million, compared with €622.1 million in the first quarter of 2015. This rise of 2.7 per cent was predominantly accounted for by electric forklift trucks and IC trucks.

Revenue from the service business was up by 7.2 per cent to €581.9 million (Q1 2015: €542.7 million). There was also a substantial year-on-year increase for the used truck business. The rise in the ‘other’ product category was attributable to Egemin Automation. Overall, the service business contributed 47.7 per cent of the KION Group’s total revenue in the first quarter (Q1 2015: 46.6 per cent). > TABLE 03

The rise in revenue was primarily attributable to the western European sales markets. France, Germany and Italy achieved particularly notable year-on-year increases. In eastern Europe, revenue was up slightly compared with the first three months of last year. Business in the Asian region continued to develop solidly, at minus 3.0 per cent, whereas revenue in Brazil continued to fall. The KION Group increased its revenue in the United States, albeit from a low level. Overall, the growth markets accounted for 23.5 per cent of consolidated revenue in the first three months (Q1 2015: 25.3 per cent). The proportion generated outside Germany came to 75.1 per cent (Q1 2015: 74.7 per cent). > TABLE 04