The KION Group can look back on a successful 2011. Strong demand and rigorous cost management led to significant year-on-year increases in revenue and earnings.
- Strong demand in Germany and the BRIC countries
- Order intake rises by 21 per cent to €4,682 million
- Revenue climbs by 24 per cent to €4,368 million
- Adjusted EBIT margin more than doubles to 8.3 per cent
- Negative net earnings due to one-off items
- Free cash flow before tax increases more than threefold
- Successful placement of a secured corporate bond with a volume of €500 million
- Leading position maintained in the global market: number one in Europe, number two worldwide
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KION Group key figures |
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€ million |
2011 |
2010 |
2009 |
Changes | ||||||
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Revenue |
4,368 |
3,534 |
3,084 |
23.6% | ||||||
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In Germany |
1,175 |
900 |
770 |
30.6% | ||||||
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Outside Germany |
3,194 |
2,634 |
2,314 |
21.2% | ||||||
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Order intake |
4,682 |
3,860 |
3,028 |
21.3% | ||||||
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Order backlog |
953 |
801 |
533 |
18.9% | ||||||
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EBITDA |
569 |
380 |
183 |
49.7% | ||||||
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Adjusted EBITDA¹ |
665 |
462 |
311 |
43.9% | ||||||
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EBIT |
213 |
35 |
-182 |
>100% | ||||||
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Adjusted EBIT¹ |
365 |
139 |
-29 |
>100% | ||||||
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Loss for the year |
-93 |
-197 |
-366 |
52.8% | ||||||
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Cash and cash equivalents² |
373 |
253 |
463 |
47.7% | ||||||
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Financial debt after borrowing costs |
2,997 |
2,872 |
2,918 |
4.4% | ||||||
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Financial debt |
3,030 |
2,894 |
2,948 |
4.7% | ||||||
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Net financial debt |
2,657 |
2,641 |
2,484 |
0.6% | ||||||
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Equity |
-488 |
-400 |
-213 |
-21.9% | ||||||
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Adjusted EBITDA margin¹ |
15.2% |
13.1% |
10.1% |
– | ||||||
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Adjusted EBIT margin¹ |
8.3% |
3.9% |
-0.9% |
– | ||||||
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Free cash flow before tax³ |
282 |
83 |
34 |
>100% | ||||||
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Capital expenditures |
133 |
123 |
108 |
7.7% | ||||||
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Total spending on R&D |
120 |
103 |
101 |
16.3% | ||||||
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R&D spending/revenue (%) |
2.8% |
2.9% |
3.3% |
– | ||||||
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Employees incl. apprentices and trainees as at 31 December |
21,862 |
19,968 |
19,953 |
9.5% | ||||||
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R&D employees |
900 |
827 |
833 |
8.8% | ||||||
