Financial markets

In the reporting year, the KION Group billed 48.1 per cent of revenue in foreign currencies, the most important of which were the US dollar, China’s renminbi and pound sterling.

Overall, currency effects had a slight negative impact on the KION Group’s business situation in 2018. Relative to the dollar, the euro was worth approximately 5 per cent less on average in 2018 compared with the average for 2017, as the US dollar appreciated significantly in the second half of the year. Against pound sterling and the Chinese renminbi, the euro made only moderate gains. > TABLE 007