Segment report

The Executive Board divides the KION Group into financial services activities, the activities grouped in the ‘Other’ segment 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 KPIs used to manage the brand segments are order intake, revenue and 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’).

Earnings before tax (EBT) and return on equity (ROE) are the KPIs used to manage the Financial Services segment. ROE is calculated on the basis of average equity employed excluding net income (loss) for the current period. As at 30 June 2014, ROE – earnings before tax as a percentage of average equity – remained unchanged compared with 31 December 2013 at 13.0 per cent.

The following tables show information on the KION Group’s operating segments for the second quarter of 2014 and 2013 and for the first half of 2014 and 2013. >> TABLES 29–32

Segment report Q2 2014

Segment report Q2 2014

>>TABLE 29

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

691.9

367.0

75.2

10.2

1,144.4

Intersegment revenue

63.8

78.5

63.1

48.1

–253.6

Total revenue

755.8

445.6

138.3

58.2

–253.6

1,144.4

Earnings before taxes

66.8

17.3

1.3

–14.1

–30.1

41.3

Financial income

6.2

2.4

13.5

3.0

–14.7

10.3

Financial expenses

–9.1

–10.1

–12.4

–42.7

13.7

–60.6

= Net financial expenses

–2.9

–7.7

1.1

–39.7

–1.0

–50.3

EBIT

69.7

25.0

0.2

25.6

–29.0

91.5

+ Non-recurring items

0.8

0.5

0.0

3.6

4.9

+ KION acquisition items

12.4

0.6

0.0

0.0

13.0

Adjusted EBIT

82.9

26.1

0.2

29.2

–29.0

109.5

Profit from at-equity investments

0.1

1.1

2.7

0.0

3.9

Capital expenditures1

15.7

11.4

0.0

3.6

30.8

Depreciation2

21.6

10.2

0.0

4.3

36.0

Order intake

813.6

487.3

145.5

58.7

–277.3

1,227.9

Segment report Q2 2013

Segment report Q1 – Q2 2014

Segment report Q1 – Q2 2013