Revenue

The KION Group’s consolidated revenue advanced to €1,811.4 million (Q1 2016: €1,220.6 million). This was due to both organic growth and the acquisitions. The share of consolidated revenue attributable to the service business was 39.7 percent (Q1 2016: 46.2 percent). Revenue with third parties in the Industrial Trucks & Services segment was up by 10.5 percent year on year to €1,322.9 million (Q1 2016: €1,196.9 million). The Supply Chain Solutions segment generated revenue of €482.2 million (Q1 2016: €19.8 million excluding Dematic), representing 26.6 percent of consolidated revenue. > TABLE 02

Revenue with third parties by product category

02

in € million

Q1 2017

Q1 2016

Change

Industrial Trucks & Services

1,322.9

1,196.9

10.5%

New business

724.4

638.8

13.4%

Service business

598.5

558.1

7.2%

– Aftersales

349.8

330.0

6.0%

– Rental business

146.1

131.6

11.1%

– Used trucks

70.1

70.1

0.1%

– Other

32.5

26.5

22.6%

Supply Chain Solutions

482.2

19.8

>100%

Business Solutions

362.2

13.4

>100%

Service business

120.0

6.4

>100%

Corporate Services

6.2

4.0

56.2%

Total revenue

1,811.4

1,220.6

48.4%

Revenue by customer location

The revenue growth in the Industrial Trucks & Services segment was the result of an increase in unit sales across all regions. Within the EMEA region, the KION Group generated significant growth in Germany, the United Kingdom, Italy and Spain as well as in the eastern European markets. In the APAC region, the Group particularly benefited from strong demand in China.

The significant rise in revenue in North America was mainly attributable to the first-time inclusion of the contribution from Dematic in the Supply Chain Solutions segment in the first three months of 2017. For the KION Group as a whole, 20.2 percent of revenue in the reporting period (Q1 2016: 23.5 percent) was accounted for by fast-growing markets. Overall, 81.3 percent of revenue (Q1 2016: 75.1 percent) was generated outside Germany. > TABLE 03

Revenue with third parties by customer location

03

in € million

Q1 2017

Q1 2016

Change

Western Europe

1,105.0

906.0

22.0%

Eastern Europe

116.8

96.8

20.7%

Middle East and Africa

47.1

21.2

>100%

North America

283.7

27.3

>100%

Central and South America

40.4

35.1

15.1%

Asia-Pacific

218.4

134.2

62.8%

Total revenue

1,811.4

1,220.6

48.4%