Revenue

The KION Group’s consolidated revenue advanced to €1,811.4 million (Q1 2016: €1,220.6 million). This was due to both organic growth and the acquisitions. The share of consolidated revenue attributable to the service business was 39.7 percent (Q1 2016: 46.2 percent). Revenue with third parties in the Industrial Trucks & Services segment was up by 10.5 percent year on year to €1,322.9 million (Q1 2016: €1,196.9 million). The Supply Chain Solutions segment generated revenue of €482.2 million (Q1 2016: €19.8 million excluding Dematic), representing 26.6 percent of consolidated revenue. > TABLE 02

Revenue by customer location

The revenue growth in the Industrial Trucks & Services segment was the result of an increase in unit sales across all regions. Within the EMEA region, the KION Group generated significant growth in Germany, the United Kingdom, Italy and Spain as well as in the eastern European markets. In the APAC region, the Group particularly benefited from strong demand in China.

The significant rise in revenue in North America was mainly attributable to the first-time inclusion of the contribution from Dematic in the Supply Chain Solutions segment in the first three months of 2017. For the KION Group as a whole, 20.2 percent of revenue in the reporting period (Q1 2016: 23.5 percent) was accounted for by fast-growing markets. Overall, 81.3 percent of revenue (Q1 2016: 75.1 percent) was generated outside Germany. > TABLE 03