KPIs Financial Services Business

Following the organisational spin-off of the Financial Services business in the core European countries, it was necessary to adjust the provisional reporting structure in the voluntary additional information in Q1-3/2012. Consequently, the figures reported in the voluntary segment reporting in the Q1/2012 and Q2/2012 Bond Reports do not coincide exactly with the current segment reporting information for Q1-3/2012.

The assets attributable to the Financial Services segment reported in the cumulative tables include long-term leases which were reported either as leased assets or lease receivables, depending on the type of lease. As of 30 September 2012, lease receivables due from unrelated third parties amounted to €355 million. In addition, intra-group receivables amounted to €365 million mainly due to the refinancing of the short-term rental business of LMH and STILL. Segment liabilities as of 30 September 2012 largely comprised liabilities to leasing companies arising from the financing of leased assets in the amount of €674 million and net financial debt of €160 million arising from general business finance for the Financial Services segment.

Q3/2012

Segment report – Voluntary Additional Information

LMH

STILL

FS

Other

Consoli-
dation/Re-
conciliation

Total

€ thousand

Q3
2012

 

 

 

 

 

 

*

Including leased assets

 

 

 

 

 

 

 

Revenue from external customers

 

700,816

354,133

63,453

9,862

1,128,264

Intersegment revenue

 

48,185

48,710

60,934

54,922

-212,751

Total revenue

 

749,001

402,843

124,387

64,784

-212,751

1,128,264

 

 

 

 

 

 

 

 

Earnings before taxes

 

67,477

14,755

1,275

-46,590

-13,379

23,538

 

 

 

 

 

 

 

 

Financial income

 

6,978

1,363

10,523

-2,509

-14,944

1,411

Financial expense

 

-11,317

-8,374

-9,648

-42,422

14,021

-57,740

= Financial result

 

-4,339

-7,011

875

-44,931

-923

-56,329

 

 

 

 

 

 

 

 

EBIT

 

71,816

21,766

400

-1,659

-12,456

79,867

 

 

 

 

 

 

 

 

+ Non-recurring items

 

1,725

7,587

7,920

17,232

+ KION acquisition items

 

6,984

2,002

128

9,114

 

 

 

 

 

 

 

 

= Adjusted EBIT

 

80,525

31,355

400

6,389

-12,456

106,213

 

 

 

 

 

 

 

 

Depreciation*

 

45,858

25,511

15,361

4,734

-3,523

87,941

Q3/2011

Segment report – Voluntary Additional Information

LMH

STILL

FS

Other

Consoli-
dation/Re-
conciliation

Total

€ thousand

Q3
2011

 

 

 

 

 

 

*

Including leased assets

 

 

 

 

 

 

 

Revenue from external customers

 

623,463

352,156

58,996

9,522

1,044,137

Intersegment revenue

 

56,105

45,986

50,347

47,754

-200,192

Total revenue

 

679,568

398,142

109,343

57,276

-200,192

1,044,137

 

 

 

 

 

 

 

 

Earnings before taxes

 

48,981

12,569

1,385

-81,358

-1,813

-20,236

 

 

 

 

 

 

 

 

Financial income

 

7,791

1,523

10,683

36,441

-9,880

46,558

Financial expense

 

-10,666

-7,086

-9,925

-111,247

8,708

-130,216

= Financial result

 

-2,875

-5,563

758

-74,806

-1,172

-83,658

 

 

 

 

 

-

 

 

EBIT

 

51,856

18,132

627

-6,552

-641

63,422

 

 

 

 

 

 

 

 

+ Non-recurring items

 

2,245

1,778

8,464

12,487

+ KION acquisition items

 

7,138

1,203

76

8,417

 

 

 

 

 

 

 

 

= Adjusted EBIT

 

61,239

21,113

627

1,988

-641

84,326

 

 

 

 

 

 

 

 

Depreciation*

 

42,365

22,758

18,725

3,534

-4,647

82,735

Q1-3/2012

Segment report – Voluntary Additional Information

LMH

STILL

FS

Other

Consoli-
dation/Re-
conciliation

Total

€ thousand

Q1-Q3
2012

 

 

 

 

 

 

*

Excluding leased assets

**

Including leased assets

 

 

 

 

 

 

 

Revenue from external customers

 

2,142,351

1,070,254

195,986

30,219

3,438,810

Intersegment revenue

 

162,240

150,727

149,659

152,353

-614,979

Total revenue

 

2,304,591

1,220,981

345,645

182,572

-614,979

3,438,810

 

 

 

 

 

 

 

 

Earnings before taxes

 

224,809

49,683

3,541

-151,252

-33,294

93,487

 

 

 

 

 

 

 

 

Financial income

 

22,090

4,391

33,112

8,259

-29,187

38,665

Financial expense

 

-34,580

-23,645

-30,622

-158,570

26,500

-220,917

= Financial result

 

-12,490

-19,254

2,490

-150,311

-2,687

-182,252

 

 

 

 

 

 

 

 

EBIT

 

237,299

68,937

1,051

-941

-30,607

275,739

 

 

 

 

 

 

 

 

+ Non-recurring items

 

-10,135

9,606

16,303

15,774

+ KION acquisition items

 

21,236

5,390

766

27,392

 

 

 

 

 

 

 

 

= Adjusted EBIT

 

248,400

83,933

1,051

16,128

-30,607

318,905

 

 

 

 

 

 

 

 

Segment assets

 

4,564,137

1,917,625

978,287

534,794

-1,915,845

6,078,998

Segment liabilities

 

1,532,636

1,025,526

939,746

5,054,492

-1,894,007

6,658,393

Carrying amount of equity investments

 

32,906

6,148

39,054

Capital expenditures*

 

54,163

33,350

9,287

96,800

Depreciation**

 

132,168

74,345

43,255

13,322

-6,801

256,289

Q1-3/2011

Segment report – Voluntary Additional Information

LMH

STILL

FS

Other

Consoli-
dation/Re-
conciliation

Total

€ thousand

Q1-Q3
2011

 

 

 

 

 

 

*

Excluding leased assets

**

Including leased assets

 

 

 

 

 

 

 

Revenue from external customers

 

1,885,066

1,061,654

189,984

19,961

3,156,665

Intersegment revenue

 

180,360

148,876

143,768

137,014

-610,018

Total revenue

 

2,065,426

1,210,530

333,752

156,975

-610,018

3,156,665

 

 

 

 

 

 

 

 

Earnings before taxes

 

182,084

36,132

4,129

-173,233

-24,811

24,301

 

 

 

 

 

 

 

 

Financial income

 

22,820

4,345

32,008

9,097

-27,834

40,436

Financial expense

 

-31,273

-22,536

-29,611

-179,603

24,878

-238,145

= Financial result

 

-8,453

-18,191

2,397

-170,506

-2,956

-197,709

 

 

 

 

 

 

 

 

EBIT

 

190,537

54,323

1,732

-2,727

-21,855

222,010

 

 

 

 

 

 

 

 

+ Non-recurring items

 

-10,106

6,120

15,920

11,934

+ KION acquisition items

 

20,202

4,512

945

25,659

 

 

 

 

 

 

 

 

= Adjusted EBIT

 

200,633

64,955

1,732

14,138

-21,855

259,603

 

 

 

 

 

 

 

 

Segment assets

 

4,238,729

1,972,753

797,831

545,100

-1,716,407

5,838,006

Segment liabilities

 

1,394,703

952,021

758,702

4,833,873

-1,668,269

6,271,030

Carrying amount of equity investments

 

32,062

4,659

36,721

Capital expenditures*

 

45,426

23,728

9,922

79,076

Depreciation**

 

123,781

70,725

51,410

11,293

-13,278

243,931

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