Revenue

Despite negative currency effects of €151.2 million, the KION Group’s consolidated revenue rose by 1.9 per cent to €3,874.4 million in the first six months of 2018 (H1 2017: €3,802.3 million). The share of consolidated revenue attributable to the service business increased from 41.0 per cent in the prior-year period to 42.7 per cent.

Revenue with third parties in the Industrial Trucks & Services segment was up by 3.8 per cent to €2,814.9 million (H1 2017: €2,711.3 million), but fell short of expectations due to the delivery bottlenecks. At €1,047.6 million, revenue in the Supply Chain Solutions segment was just slightly below the prior-year period (H1 2017: €1,079.6 million); adjusted for currency effects, however, the segment’s revenue increased by 5.5 per cent. > TABLE 03

Revenue with third parties by product category

03

in € million

Q2 2018

Q2 2017*

Change

Q1 – Q2 2018

Q1 – Q2 2017*

Change

*

Revenue for 2017 was restated due to the initial application of IFRS 15 and IFRS 16

Industrial Trucks & Services

1,447.2

1,397.5

3.6%

2,814.9

2,711.3

3.8%

New business

729.2

728.1

0.2%

1,404.2

1,385.8

1.3%

Service business

718.0

669.4

7.3%

1,410.7

1,325.5

6.4%

– Aftersales

378.6

350.9

7.9%

741.2

700.7

5.8%

– Rental business

221.6

213.6

3.8%

434.1

411.5

5.5%

– Used trucks

80.7

76.1

6.0%

159.4

146.2

9.0%

– Other

37.1

28.8

28.9%

75.9

67.2

13.0%

Supply Chain Solutions

577.7

598.7

–3.5%

1,047.6

1,079.6

–3.0%

Business Solutions

450.0

484.2

–7.0%

803.5

845.0

–4.9%

Service business

127.7

114.6

11.5%

244.1

234.6

4.0%

Corporate Services

6.2

5.1

21.3%

12.0

11.3

5.5%

Total revenue

2,031.1

2,001.3

1.5%

3,874.4

3,802.3

1.9%

Revenue by customer location

Despite the bottlenecks at suppliers, the revenue of the Industrial Trucks & Services segment went up in the EMEA and APAC sales regions. Adjusted for currency effects, the revenue of the Supply Chain Solutions segment rose sharply in North America, thereby consolidating the segment’s strong market position. Fast-growing markets accounted for 19.7 per cent of the KION Group’s revenue in the reporting period (H1 2017: 20.5 per cent), while 81.2 per cent of revenue (H1 2017: 82.2 per cent) was generated outside Germany. > TABLE 04

Revenue with third parties by customer location

04

in € million

Q2 2018

Q2 2017

Change

Q1 – Q2 2018

Q1 – Q2 2017*

Change

*

Revenue for 2017 was restated due to the initial application of IFRS 15 and IFRS 16

Western Europe

1,160.3

1,175.1

–1.3%

2,267.0

2,271.3

–0.2%

Eastern Europe

135.3

138.1

–2.1%

260.1

254.6

2.2%

Middle East and Africa

28.9

33.9

–14.7%

57.4

80.4

–28.6%

North America

443.1

368.0

20.4%

797.2

651.0

22.5%

Central and South America

43.3

38.6

12.3%

77.8

79.0

–1.5%

Asia-Pacific

220.2

247.6

–11.1%

414.8

466.1

–11.0%

Total revenue

2,031.1

2,001.3

1.5%

3,874.4

3,802.3

1.9%