Revenue

The new truck business and service business contributed equally to the increase in revenue, which went up by 7.0 per cent to €1,164.8 million (Q1 2014: €1,088.9 million). Positive currency effects amounting to €31.4 million also played a part in the increase.

Revenue from new truck business climbed to €622.1 million, compared with €577.7 million in the first quarter of 2014. This rise of 7.7 per cent was primarily accounted for by electric forklift trucks and warehouse trucks.

Revenue from the service business advanced by 6.2 per cent to reach €542.7 million (Q1 2014: €511.3 million), growth that was attributable to a greater volume of servicing and maintenance work under service agreements. There was also an increase in short-term rental business compared with the first three months of 2014. Overall, the service business generated 46.6 per cent of the KION Group’s total revenue (Q1 2014: 46.9 per cent). > TABLE 03

A regional breakdown shows that the rise in revenue was primarily attributable to the western European sales markets. The United Kingdom, Italy and Germany achieved particularly notable year-on-year increases. In Asia, the main contributors to the growth in revenue were China and India. The KION Group notched up sharp rises in eastern Europe, while revenue in South and Central America was up by only a moderate degree compared with the prior-year period. Overall, the growth markets accounted for 25.3 per cent of consolidated revenue (Q1 2014: 23.0 per cent). The proportion generated outside Germany came to 74.7 per cent (Q1 2014: 73.3 per cent). > TABLE 04