Revenue

In the nine months under review, the KION Group’s revenue went up by 1.7 per cent to €3,372.3 million. Adjusted for negative currency effects of €39.7 million, the increase in revenue was 2.9 per cent.

At €1,793.8 million, revenue from new trucks was 3.8 per cent down on the prior-year level (Q1 – Q3 2013: €1,864.3 million), but the year-on-year decline was mitigated by the strong revenue figure in the third quarter. Revenue from the high-margin service business advanced by 8.7 per cent to €1,578.5 million (Q1 – Q3 2013: €1,452.4 million). There were increases in revenue from the spare-parts business and from servicing and maintenance work. The rental business and the used truck business registered particularly significant year-on-year gains. The proportion of the KION Group’s total revenue generated by the service business grew to 46.8 per cent (Q1 – Q3 2013: 43.8 per cent). This marked rise was partly attributable to the dealer Willenbrock, in which the KION Group acquired a majority stake at the end of 2013. >> Table 03

In western Europe, revenue was up slightly compared with the first nine months of last year. Sharp increases in Italy, the United Kingdom and Germany contrasted with a reduction in France. Despite the situation in Ukraine remaining tense, revenue in eastern Europe rose substantially; revenue gains in Poland and the Czech Republic had a particularly positive impact. The considerable decline in Brazil due to the slump in the market there was more than offset by the growth in Europe. The KION Group’s revenue in Asia was on a par with the prior-year figure. Overall, the growth markets accounted for 24.4 per cent of total revenue (Q1 – Q3 2013: 25.1 per cent), while the proportion generated outside Germany came to 73.9 per cent. >> Table 04