Revenue

The 8.4 per cent increase in revenue to €3,657.2 million (Q1 – Q3 2014: €3,372.3 million) was attributable to both new truck business and service business. There were also positive currency effects of €91.5 million.

The revenue from new trucks was up by 9.9 per cent to €1,971.2 million (Q1 – Q3 2014: €1,793.8 million), with all product segments registering improvements. Revenue from the service business advanced by 6.8 per cent to reach €1,686.0 million (Q1 – Q3 2014: €1,578.5 million). This growth was attributable both to the rising volume of servicing and maintenance work under service agreements and to a higher number of ad-hoc orders. There was also a marked increase in short-term rental business compared with the first nine months of 2014. Overall, the service business generated 46.1 per cent of the KION Group’s total revenue (Q1 – Q3 2014: 46.8 per cent). > TABLE 03

Broken down by region, the increase in revenue was mainly attributable to the western European sales markets. There were also rises in eastern Europe, China and the United States. Revenue in South America decreased owing to the weak market situation. The growth markets outside western Europe together accounted for 24.9 per cent of consolidated revenue (Q1 – Q3 2014: 24.4 per cent). The proportion generated outside Germany came to 74.7 per cent (Q1 – Q3 2014: 73.9 per cent). > TABLE 04