Other segment

Business performance

Group head office functions that do not come under any other segment are reported in the Other segment. These functions include the holding and service companies in the KION Group. KION India (formerly Voltas Material Handling) is also reported in the Other segment. In 2014, KION India expanded its sales and service network and now has access to more than 60 sales outlets. Since the start of 2015, KION India has been included in the LMH brand segment.

Earnings

The total revenue generated by the segment amounted to €235.7 million, roughly the same level as in 2013 (€235.1 million). As in the previous year, the main revenue drivers were internal IT and logistics services as well as KION India. Revenue generated outside the KION Group totalled €47.6 million (2013: €48.2 million). Business volume at KION India increased slightly compared with 2013.

Adjusted EBIT for the segment reached €135.5 million, which was substantially up on the figure for 2013 (€73.5 million). For the most part, this increase was attributable to improved earnings in subsidiaries compared with 2013, as a consequence of which intra-group dividend income for the segment rose to €169.4 million (2013: €117.3 million). This was significantly more than enough to offset the primary costs for the Group head office functions. These earnings are eliminated as part of the consolidation for the KION Group. > TABLE 024