Segment report
The Executive Board, as the chief operating decision-maker (CODM), manages the KION Group on the basis of the following segments: Industrial Trucks & Services, Supply Chain Solutions and Corporate Services. Segment reporting therefore takes into account the organisational and strategic focus of the KION Group.
The KPIs used to manage the segments are order intake, revenue and adjusted EBIT. Segment reporting therefore includes a reconciliation of externally reported consolidated earnings before interest and tax (EBIT) – including effects from purchase price allocations and non-recurring items – to the adjusted EBIT for the segments (‘adjusted EBIT’).
> TABLES 21 – 24 show information on the KION Group’s operating segments for the third quarter of 2017 and 2016 and for the first nine months of 2017 and 2016.
|
Segment report Q3 2017 |
22 |
||||||||
|
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||
|
|||||||||
|
Revenue from external customers |
1,328.3 |
513.0 |
6.2 |
– |
1,847.4 |
||||
|
Intersegment revenue |
1.6 |
1.2 |
64.0 |
–66.8 |
– |
||||
|
Total revenue |
1,329.9 |
514.2 |
70.2 |
–66.8 |
1,847.4 |
||||
|
Earnings before taxes |
137.7 |
5.2 |
–0.1 |
–24.7 |
118.1 |
||||
|
Financial income |
9.8 |
–5.8 |
17.2 |
–9.0 |
12.1 |
||||
|
Financial expenses |
–23.8 |
8.6 |
–23.3 |
9.0 |
–29.4 |
||||
|
= Net financial expenses / income |
–14.0 |
2.8 |
–6.1 |
0.0 |
–17.2 |
||||
|
EBIT |
151.6 |
2.4 |
6.0 |
–24.7 |
135.3 |
||||
|
+ Non-recurring items |
0.7 |
8.6 |
2.2 |
– |
11.5 |
||||
|
+ PPA items |
0.2 |
47.7 |
0.0 |
– |
47.9 |
||||
|
= Adjusted EBIT |
152.5 |
58.7 |
8.2 |
–24.7 |
194.7 |
||||
|
Profit from equity-accounted investments |
0.6 |
0.0 |
0.0 |
– |
0.6 |
||||
|
Capital expenditure1 |
38.3 |
9.9 |
3.5 |
– |
51.7 |
||||
|
Amortisation and depreciation2 |
28.5 |
47.0 |
3.4 |
– |
78.8 |
||||
|
Order intake |
1,351.6 |
492.7 |
70.2 |
–67.2 |
1,847.2 |
||||
|
Segment report Q3 2016 |
23 |
||||||||
|
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||
|
|||||||||
|
Revenue from external customers |
1,251.3 |
27.0 |
4.9 |
– |
1,283.2 |
||||
|
Intersegment revenue |
0.7 |
0.3 |
64.6 |
–65.6 |
– |
||||
|
Total revenue |
1,252.0 |
27.2 |
69.5 |
–65.6 |
1,283.2 |
||||
|
Earnings before taxes |
127.5 |
–2.0 |
19.9 |
–49.3 |
96.1 |
||||
|
Financial income |
10.0 |
0,0 |
2.7 |
–3.0 |
9.7 |
||||
|
Financial expenses |
–19.1 |
–0.2 |
–9.7 |
3.0 |
–26.0 |
||||
|
= Net financial expenses / income |
–9.1 |
–0.2 |
–7.0 |
0.0 |
–16.4 |
||||
|
EBIT |
136.7 |
–1.8 |
26.9 |
–49.3 |
112.4 |
||||
|
+ Non-recurring items |
0.4 |
1.0 |
6.3 |
– |
7.7 |
||||
|
+ PPA items |
6.6 |
0.0 |
0.0 |
– |
6.6 |
||||
|
= Adjusted EBIT |
143.7 |
–0.8 |
33.2 |
–49.3 |
126.8 |
||||
|
Profit from equity-accounted investments |
0.3 |
0.0 |
0.0 |
– |
0.3 |
||||
|
Capital expenditure1 |
33.1 |
0.8 |
2.6 |
– |
36.6 |
||||
|
Amortisation and depreciation2 |
33.7 |
1.3 |
4.5 |
– |
39.5 |
||||
|
Order intake |
1,284.2 |
38.1 |
69.6 |
–65.3 |
1,326.6 |
||||
|
Segment report Q1 – Q3 2017 |
24 |
||||||||||
|
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||||
|
|||||||||||
|
Revenue from external customers |
4,067.5 |
1,590.2 |
17.5 |
– |
5,675.2 |
||||||
|
Intersegment revenue |
2.5 |
3.0 |
182.6 |
–188.1 |
– |
||||||
|
Total revenue |
4,070.1 |
1,593.2 |
200.1 |
–188.1 |
5,675.2 |
||||||
|
Earnings before taxes |
414.4 |
–0.8 |
230.9 |
–310.9 |
333.7 |
||||||
|
Financial income |
35.9 |
55.8 |
36.3 |
–22.8 |
105.2 |
||||||
|
Financial expenses |
–68.4 |
–54.8 |
–65.4 |
21.6 |
–167.1 |
||||||
|
= Net financial expenses / income |
–32.6 |
1.0 |
–29.1 |
–1.1 |
–61.8 |
||||||
|
EBIT |
447.0 |
–1.8 |
260.1 |
–309.7 |
395.6 |
||||||
|
+ Non-recurring items |
0.7 |
17.1 |
8.9 |
– |
26.8 |
||||||
|
+ PPA items |
0.6 |
138.8 |
0.0 |
– |
139.5 |
||||||
|
= Adjusted EBIT |
448.3 |
154.2 |
269.0 |
–309.7 |
561.8 |
||||||
|
Segment assets |
9,002.7 |
5,068.4 |
1,590.1 |
–4,453.7 |
11,207.5 |
||||||
|
Segment liabilities |
4,706.7 |
2,386.7 |
5,556.1 |
–4,461.4 |
8,188.1 |
||||||
|
Carrying amount of equity-accounted investments |
80.1 |
0.0 |
0.0 |
– |
80.1 |
||||||
|
Profit from equity-accounted investments |
12.6 |
0.0 |
0.0 |
– |
12.6 |
||||||
|
Capital expenditure1 |
102.3 |
32.1 |
9.6 |
– |
144.0 |
||||||
|
Amortisation and depreciation2 |
83.9 |
151.9 |
11.7 |
– |
247.5 |
||||||
|
Order intake |
4,279.9 |
1,406.3 |
200.1 |
–186.8 |
5,699.5 |
||||||
|
Number of employees3 |
23,714 |
6,972 |
679 |
– |
31,365 |
||||||
|
Segment report Q1 – Q3 2016 |
25 |
||||||||||
|
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||||
|
|||||||||||
|
Revenue from external customers |
3,759.6 |
74.2 |
13.9 |
– |
3,847.7 |
||||||
|
Intersegment revenue |
1.1 |
0.6 |
164.9 |
–166.6 |
– |
||||||
|
Total revenue |
3,760.7 |
74.8 |
178.8 |
–166.6 |
3,847.7 |
||||||
|
Earnings before taxes |
359.5 |
–7.0 |
–30.3 |
–83.6 |
238.6 |
||||||
|
Financial income |
38.4 |
0.0 |
14.1 |
–9.3 |
43.2 |
||||||
|
Financial expenses |
–67.2 |
–0.5 |
–64.3 |
9.2 |
–122.8 |
||||||
|
= Net financial expenses/income |
–28.8 |
–0.5 |
–50.3 |
–0.1 |
–79.6 |
||||||
|
EBIT |
388.3 |
–6.5 |
20.0 |
–83.6 |
318.2 |
||||||
|
+ Non-recurring items |
3.1 |
3.2 |
21.4 |
– |
27.7 |
||||||
|
+ PPA items |
20.2 |
0.0 |
0.0 |
– |
20.2 |
||||||
|
= Adjusted EBIT |
411.5 |
–3.3 |
41.5 |
–83.6 |
366.1 |
||||||
|
Segment assets |
8,709.2 |
161.6 |
728.7 |
–2,682.3 |
6,917.2 |
||||||
|
Segment liabilities |
4,455.3 |
92.3 |
2,905.3 |
–2,689.7 |
4,763.2 |
||||||
|
Carrying amount of equity-accounted investments |
77.3 |
0.0 |
0.0 |
– |
77.3 |
||||||
|
Profit from equity-accounted investments |
9.9 |
0.0 |
0.0 |
– |
9.9 |
||||||
|
Capital expenditure1 |
89.5 |
1.6 |
9.8 |
– |
100.9 |
||||||
|
Amortisation and depreciation2 |
100.7 |
3.5 |
13.2 |
– |
117.4 |
||||||
|
Order intake |
3,919.4 |
117.9 |
178.9 |
–165.8 |
4,050.4 |
||||||
|
Number of employees3 |
23,001 |
518 |
665 |
– |
24,184 |
||||||
The non-recurring items in the reporting period were primarily incurred in connection with Dematic and relate to the integration and to the start-up costs in Monterrey (Mexico). They totalled €26.8 million (Q1 – Q3 2016: €27.7 million).
The effects from purchase price allocations comprised net write-downs and other expenses in relation to the hidden reserves and charges identified as part of the acquisition processes.
Wiesbaden, 25 October 2017
The Executive Board