Revenue

Revenue in the KION Group amounted to €5,097.9 million, an increase of 9.0 per cent on the 2014 figure of €4,677.9 million. Positive currency effects amounting to €108.7 million were contributory factors in addition to higher unit sales and moderate price effects.

Revenue by product category

Revenue from new trucks increased by 9.7 per cent to €2,779.9 million (2014: €2,533.0 million). There were year-on-year gains in all product categories – even the revenue from diesel trucks was higher than in 2014. The growth in revenue from electric forklift trucks and warehouse trucks was particularly strong.

Revenue from the service business advanced by 8.1 per cent to reach €2,318.0 million (2014: €2,144.9 million). This growth was attributable both to the rising volume of servicing and maintenance work under service agreements and to an increase in the amount of ad-hoc work. Revenue from the rental and used truck business was also up year on year. Revenue from other business areas rose by 23.6 per cent, mainly because of the first-time consolidation of Egemin Automation in August 2015. In total, the service business contributed 45.5 per cent (2014: 45.9 per cent) of the KION Group’s total revenue. > TABLE 016

Revenue by customer location

The LMH and STILL brand segments increased their revenue compared with 2014 in virtually all of the KION Group’s core markets. Western Europe was the main contributor: in addition to an encouraging level of growth in Germany, there were particularly strong increases in the volume of business in France, Italy, Spain and the United Kingdom. The KION Group generated strong growth in eastern Europe, too, despite the current weakness of the market. Overall revenue was also up in the Americas. The decline in revenue in South America was offset by revenue gains in North America.

The growth markets outside western Europe together accounted for 24.7 per cent of consolidated revenue (2014: 24.8 per cent). The proportion of revenue generated outside Germany rose to 75.0 per cent (2014: 73.9 per cent). > TABLE 017