- Worldwide recovery of material-handling markets in 2010 – but different growth rates and levels in the individual markets
- Emerging markets beneficial to the KION Group: China is third most important market
- Sharp 27 per cent rise in order intake to €3,860 million
- Action plan initiated in 2009 is proving successful – significant cost reductions
- Considerable improvement in earnings: adjusted EBIT margin of 3.9 per cent
- Higher EBIT boosts free cash flow
- KION increases market share in Europe and strengthens global market position: number one in Europe, number two worldwide
|
KION Group key figures |
|
|
|
| ||||||
|
€ million |
2010 |
2009 |
2008 |
Changes | ||||||
| ||||||||||
|
|
|
|
|
| ||||||
|
Revenue |
3,534 |
3,084 |
4,554 |
14.6% | ||||||
|
In Germany |
900 |
770 |
1,164 |
16.9% | ||||||
|
Outside Germany |
2,634 |
2,314 |
3,390 |
13.8% | ||||||
|
Order intake |
3,860 |
3,028 |
4,399 |
27.5% | ||||||
|
Order backlog |
801 |
533 |
647 |
50.3% | ||||||
|
|
|
|
|
| ||||||
|
EBITDA |
380 |
183 |
643 |
>100% | ||||||
|
Adjusted EBITDA1 |
462 |
311 |
709 |
48.7% | ||||||
|
EBIT |
35 |
-182 |
284 |
>100% | ||||||
|
Adjusted EBIT1 |
139 |
-29 |
358 |
>100% | ||||||
|
Loss for the year |
-197 |
-366 |
-47 |
46.3% | ||||||
|
|
|
|
|
| ||||||
|
Cash and cash equivalents2 |
253 |
463 |
413 |
-45.4% | ||||||
|
Financial debt after borrowing costs |
2,872 |
2,918 |
2,716 |
-1.6% | ||||||
|
Financial debt |
2,894 |
2,948 |
2,716 |
-1.8% | ||||||
|
Net financial debt |
2,641 |
2,484 |
2,303 |
6.3% | ||||||
|
Equity |
-400 |
-213 |
124 |
-87.7% | ||||||
|
|
|
|
|
| ||||||
|
Adjusted EBITDA margin1 |
13.1% |
10.1% |
15.6% |
– | ||||||
|
Adjusted EBIT margin1 |
3.9% |
-0.9% |
7.9% |
– | ||||||
|
|
|
|
|
| ||||||
|
Free cash flow before tax3 |
83 |
34 |
292 |
>100% | ||||||
|
|
|
|
|
| ||||||
|
Capital expenditures |
123 |
108 |
173 |
14.1% | ||||||
|
Total spending on R&D |
104 |
101 |
111 |
3.0% | ||||||
|
R&D spending/revenue (%) |
2.9% |
3.3% |
2.4% |
– | ||||||
|
|
|
|
|
| ||||||
|
Employees incl. apprentices and trainees as at December 31 |
19,968 |
19,953 |
21,168 |
0.1% | ||||||
|
R&D employees |
827 |
833 |
876 |
-0.7% | ||||||
|
Segments 2010 |
|
|
|
|
|
|
|
| ||
|
€ million |
Revenue |
Year- |
Ad- |
Year- |
EBIT |
Year- |
Number |
Year- | ||
| ||||||||||
|
|
|
|
|
|
|
|
|
| ||
|
LMH |
2,254 |
17% |
139 |
>100% |
86 |
>100% |
12,240 |
0.1% | ||
|
STILL |
1,245 |
14% |
26 |
>100% |
2 |
>100% |
6,271 |
-0.4% | ||
|
OM |
202 |
6% |
-5 |
53% |
-20 |
-29% |
964 |
-7.1% | ||
|
Other |
160 |
>100% |
-22 |
64% |
-34 |
54% |
493 |
26.1% | ||
|
Consolidation |
-326 |
− |
1 |
− |
1 |
− |
− |
− | ||
|
Total |
3,534 |
15% |
139 |
>100% |
35 |
>100% |
19,968 |
0.1% | ||
