Level of orders
Despite the depreciation of currencies such as the renminbi, US dollar and pound sterling against the euro, the KION Group’s order intake rose by 36.8 per cent to €7,979.1 million. Whereas the performance of the Industrial Trucks & Services segment exceeded expectations, Dematic’s project business was more subdued. The order book expanded by 9.1 per cent year on year to €2,614.6 million (31 December 2016: €2,396.6 million). By the end of the year, substantial customer orders had been placed, especially in the long-term project business.