Fundamentals of the quarterly statement
The accounting policies used in this quarterly statement are fundamentally the same as those used for the year ended 31 December 2017. The KION Group initially applies IFRS 9 ‘Financial Instruments’, IFRS 15 ‘Revenue from Contracts with Customers’ and IFRS 16 ‘Leases’ as of 1 January 2018. The prior-year figures have been restated in accordance with the applicable transitional provisions. The reporting currency is euro.