Other segment
Business performance
Group head office functions that do not come under any other segment, plus the Voltas brand company, are reported in the Other segment. Voltas MH, the leading provider in the Indian market, registered a rise in order intake for electric forklift trucks and warehouse trucks, while diesel trucks proved stable. It stepped up its collaboration with Baoli on product development and production. This enables the KION Group to serve the Indian volume market even more efficiently.
Financial performance
Earnings and revenue in the Other segment also include intra-group contributions from consolidated subsidiaries that are eliminated at Group level. Revenue decreased from €250.9 million in 2012 to €235.1 million. As in the previous year, the main revenue drivers were internal IT and logistics services as well as Voltas MH. The segment’s revenue from external customers rose to €48.2 million (2012: €42.9 million), predominantly due to contributions from Voltas MH.
EBIT grew to €71.8 million (2012: minus €12.2 million), while adjusted EBIT rose to €73.5 million (2012: €44.4 million). This increase compared with the previous year was largely due to the year-on-year improvement in subsidiaries’ earnings and the related rise in intra-group income from investments in the Other segment, which is eliminated at Group level during consolidation. >> Table 024
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Key figures – Other – |
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>> TABLE 024 |
|
in € million |
2013 |
2012 |
Change |
|
|
|
|
|
|
Order intake |
235.1 |
250.9 |
–6.3% |
|
Revenue |
235.1 |
250.9 |
–6.3% |
|
EBITDA |
88.7 |
5.6 |
>100.0% |
|
Adjusted EBITDA |
90.4 |
62.2 |
45.4% |
|
EBIT |
71.8 |
–12.2 |
>100.0% |
|
Adjusted EBIT |
73.5 |
44.4 |
65.7% |