Segment report

The Executive Board divides the KION Group into financial services (FS) activities and the Linde Material Handling (LMH) and STILL brands for management purposes. Segment reporting follows the same breakdown, taking into account the relevant organisational structures and corporate strategy of the KION Group.

The key performance indicator used to manage the brand segments is “adjusted EBIT”. Segment reporting therefore includes a reconciliation of externally reported consolidated earnings before interest and tax (EBIT) – including KION acquisition items and non-recurring items – to the adjusted EBIT for the segments (“adjusted EBIT”). To improve comparability and control, the non-recurring items for the Linde Material Handling segment in 2012 also include the retrospective elimination of the EBIT items for the hydraulics business, which was sold at the end of 2012.

The key performance indicator used to manage the Financial Services segment is earnings before tax (EBT). Return on equity (ROE) is also an important metric.

The tables below contain information on the revenue and earnings generated by the KION Group’s operating segments in the third quarters of 2013 and 2012 and in the first nine months of 2013 and 2012.

Segment report Q3 2013

>>TABLE 32

in € million

LMH

STILL

Financial
Services

Other

Consolidation/
Reconciliation

Total

1

Capital expenditures including capitalised R&D costs, excluding leased and rental assets

2

On intangible assets and property, plant and equipment excl. leased and rental assets

 

 

 

 

 

 

 

Revenue from external customers

622.4

372.9

76.1

10.9

0.0

1,082.3

Intersegment revenue

49.9

48.2

53.7

45.9

–197.7

0.0

Total revenue

672.3

421.1

129.8

56.8

–197.7

1,082.3

Earnings before taxes

59.8

18.2

1.1

8.5

–69.1

18.5

Financial income

2.1

0.4

13.2

3.1

–10.1

8.7

Financial expenses

–4.5

–10.2

–12.0

–62.5

10.2

–79.1

= Net financial expenses

–2.4

–9.8

1.2

–59.4

0.1

–70.3

EBIT

62.2

28.0

0.0

67.9

–69.3

88.8

+ Non-recurring items

3.8

1.7

0.0

–0.7

0.0

4.7

+ KION acquisition items

5.8

1.5

0.0

–0.2

0.0

7.0

= Adjusted EBIT

71.7

31.2

0.0

66.9

–69.3

100.5

Equity result

–3.5

–0.1

0.0

0.0

0.0

–3.6

Capital expenditures1

15.6

9.6

0.0

3.9

–1.7

27.2

Depreciation2

22.5

10.4

0.0

4.6

–2.3

35.2

Order intake

773.1

433.8

129.8

56.8

–347.2

1,046.4

Segment report Q3 2012

Segment report Q1—Q3 2013

Segment report Q1—Q3 2012

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