Highlights in 2010

  • 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
2010/2009

1

Adjusted for KION acquisition items and one-off items

2

Cash and current securities

3

Internal key performance indicator

 

 

 

 

 

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-
on-year change

Ad-
justed EBIT1

Year-
on-year change

EBIT

Year-
on-year change

Number
of em-
ployees

Year-
on-year change

1

Adjusted for KION acquisition items and one-off items

 

 

 

 

 

 

 

 

 

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%

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