Revenue

Revenue for the KION Group during the nine-month period amounted to €3,847.7 million, an increase of 5.2 per cent compared with the prior-year figure of €3,657.2 million. This included the revenue contributed by Egemin Automation (including Retrotech) of €74.2 million (Q1 – Q3 2015: €12.2 million for two months). Negative currency effects reduced revenue by €79.3 million.

Revenue from new truck business went up by 3.8 per cent to €2,046.6 million, compared with €1,971.2 million in the first nine months of 2015. Electric forklift trucks registered a sharp year-on-year increase. There was a slight rise in revenue from warehouse trucks, with substantially higher rates of increase in the third quarter than in the first six months of the year.

Revenue from the service business was up by 6.8 per cent to €1,801.0 million (Q1 – Q3 2015: €1,686.0 million), with all areas of service contributing to this increase. The biggest percentage gain was generated by the used truck business. Overall, the proportion of the KION Group’s total revenue generated by the service business advanced from 46.1 per cent in the prior-year period to 46.8 per cent in the period under review. This was mainly due to the inclusion of Egemin Automation, which is shown in the ‘other’ product category in the service business. > TABLE 03

The increase in revenue was predominantly attributable to western Europe, particularly France, Italy and Germany. The KION Group’s revenue in eastern Europe also grew substantially. By contrast, revenue in Asia was down year on year. Overall, the growth markets accounted for 23.7 per cent of consolidated revenue, compared with 24.9 per cent in the prior-year period. The KION Group generated 75.1 per cent of its revenue outside Germany (Q1 – Q3 2015: 74.7 per cent). > TABLE 04