Revenue
Organic growth in the Industrial Trucks & Services segment and the inclusion of Dematic in the Supply Chain Solutions segment caused the KION Group’s consolidated revenue to rise by 49.3 per cent to €3,827.8 million (H1 2016: €2,564.5 million excluding Dematic). The share of consolidated revenue attributable to the service business was 37.8 per cent (H1 2016: 45.0 per cent).
Revenue with third parties in the Industrial Trucks & Services segment was up by 9.2 per cent year on year to €2,739.3 million (H1 2016: €2,508.3 million). The Supply Chain Solutions segment contributed €1,077.2 million (H1 2016: €47.3 million excluding Dematic) to consolidated revenue, which equates to 28.1 per cent. > TABLE 03
Revenue with third parties by product category |
03 |
|||||
in € million |
Q2 2017 |
Q2 2016 |
Change |
Q1 – Q2 2017 |
Q1 – Q2 2016 |
Change |
Industrial Trucks & Services |
1,416.4 |
1,311.4 |
8.0% |
2,739.3 |
2,508.3 |
9.2% |
New business |
801.8 |
731.9 |
9.6% |
1,526.2 |
1,370.7 |
11.4% |
Service business |
614.5 |
579.5 |
6.0% |
1,213.0 |
1,137.6 |
6.6% |
– Aftersales |
350.9 |
337.8 |
3.9% |
700.7 |
667.7 |
4.9% |
– Rental business |
152.8 |
136.5 |
11.9% |
299.0 |
268.1 |
11.5% |
– Used trucks |
76.1 |
74.5 |
2.1% |
146.2 |
144.6 |
1.1% |
– Other |
34.7 |
30.6 |
13.2% |
67.2 |
57.1 |
17.6% |
Supply Chain Solutions |
595.0 |
27.5 |
>100% |
1,077.2 |
47.3 |
>100% |
Business Solutions |
480.4 |
16.5 |
>100% |
842.6 |
29.9 |
>100% |
Service business |
114.6 |
11.0 |
>100% |
234.6 |
17.3 |
>100% |
Corporate Services |
5.1 |
5.0 |
2.9% |
11.3 |
9.0 |
26.7% |
Total revenue |
2,016.4 |
1,343.8 |
50.0% |
3,827.8 |
2,564.5 |
49.3% |
Revenue by customer location
The KION Group’s growth in the EMEA region was largely in line with that of the market. Excluding the increase in Dematic’s revenue in the APAC region, the KION Group benefited from strong demand in China, which was higher than in the prior-year period. The significant rise in revenue in North America was mainly attributable to the inclusion of the contribution from Dematic in the Supply Chain Solutions segment in the first six months of 2017. Unit sales in the Industrial Trucks & Services segment increased in all regions.
For the KION Group as a whole, 20.3 per cent of revenue in the reporting period (H1 2016: 22.6 per cent) was accounted for by fast-growing markets. Overall, 82.0 per cent of revenue (H1 2016: 74.7 per cent) was generated outside Germany. > TABLE 04
Revenue with third parties by customer location |
04 |
|||||
in € million |
Q2 2017 |
Q2 2016 |
Change |
Q1 – Q2 2017 |
Q1 – Q2 2016 |
Change |
Western Europe |
1,197.7 |
1,012.6 |
18.3% |
2,302.7 |
1,918.6 |
20.0% |
Eastern Europe |
131.2 |
109.2 |
20.1% |
248.0 |
206.0 |
20.4% |
Middle East and Africa |
34.1 |
21.8 |
56.3% |
81.1 |
43.0 |
88.8% |
North America |
366.9 |
37.8 |
>100% |
650.6 |
65.1 |
>100% |
Central and South America |
38.6 |
34.1 |
13.2% |
79.0 |
69.2 |
14.2% |
Asia-Pacific |
248.0 |
128.4 |
93.1% |
466.4 |
262.6 |
77.6% |
Total revenue |
2,016.4 |
1,343.8 |
50.0% |
3,827.8 |
2,564.5 |
49.3% |