Revenue
Despite negative currency effects of €151.2 million, the KION Group’s consolidated revenue rose by 1.9 per cent to €3,874.4 million in the first six months of 2018 (H1 2017: €3,802.3 million). The share of consolidated revenue attributable to the service business increased from 41.0 per cent in the prior-year period to 42.7 per cent.
Revenue with third parties in the Industrial Trucks & Services segment was up by 3.8 per cent to €2,814.9 million (H1 2017: €2,711.3 million), but fell short of expectations due to the delivery bottlenecks. At €1,047.6 million, revenue in the Supply Chain Solutions segment was just slightly below the prior-year period (H1 2017: €1,079.6 million); adjusted for currency effects, however, the segment’s revenue increased by 5.5 per cent. > TABLE 03
Revenue with third parties by product category |
03 |
|||||||
in € million |
Q2 2018 |
Q2 2017* |
Change |
Q1 – Q2 2018 |
Q1 – Q2 2017* |
Change |
||
|
||||||||
Industrial Trucks & Services |
1,447.2 |
1,397.5 |
3.6% |
2,814.9 |
2,711.3 |
3.8% |
||
New business |
729.2 |
728.1 |
0.2% |
1,404.2 |
1,385.8 |
1.3% |
||
Service business |
718.0 |
669.4 |
7.3% |
1,410.7 |
1,325.5 |
6.4% |
||
– Aftersales |
378.6 |
350.9 |
7.9% |
741.2 |
700.7 |
5.8% |
||
– Rental business |
221.6 |
213.6 |
3.8% |
434.1 |
411.5 |
5.5% |
||
– Used trucks |
80.7 |
76.1 |
6.0% |
159.4 |
146.2 |
9.0% |
||
– Other |
37.1 |
28.8 |
28.9% |
75.9 |
67.2 |
13.0% |
||
Supply Chain Solutions |
577.7 |
598.7 |
–3.5% |
1,047.6 |
1,079.6 |
–3.0% |
||
Business Solutions |
450.0 |
484.2 |
–7.0% |
803.5 |
845.0 |
–4.9% |
||
Service business |
127.7 |
114.6 |
11.5% |
244.1 |
234.6 |
4.0% |
||
Corporate Services |
6.2 |
5.1 |
21.3% |
12.0 |
11.3 |
5.5% |
||
Total revenue |
2,031.1 |
2,001.3 |
1.5% |
3,874.4 |
3,802.3 |
1.9% |
||
Revenue by customer location
Despite the bottlenecks at suppliers, the revenue of the Industrial Trucks & Services segment went up in the EMEA and APAC sales regions. Adjusted for currency effects, the revenue of the Supply Chain Solutions segment rose sharply in North America, thereby consolidating the segment’s strong market position. Fast-growing markets accounted for 19.7 per cent of the KION Group’s revenue in the reporting period (H1 2017: 20.5 per cent), while 81.2 per cent of revenue (H1 2017: 82.2 per cent) was generated outside Germany. > TABLE 04
Revenue with third parties by customer location |
04 |
|||||||
in € million |
Q2 2018 |
Q2 2017 |
Change |
Q1 – Q2 2018 |
Q1 – Q2 2017* |
Change |
||
|
||||||||
Western Europe |
1,160.3 |
1,175.1 |
–1.3% |
2,267.0 |
2,271.3 |
–0.2% |
||
Eastern Europe |
135.3 |
138.1 |
–2.1% |
260.1 |
254.6 |
2.2% |
||
Middle East and Africa |
28.9 |
33.9 |
–14.7% |
57.4 |
80.4 |
–28.6% |
||
North America |
443.1 |
368.0 |
20.4% |
797.2 |
651.0 |
22.5% |
||
Central and South America |
43.3 |
38.6 |
12.3% |
77.8 |
79.0 |
–1.5% |
||
Asia-Pacific |
220.2 |
247.6 |
–11.1% |
414.8 |
466.1 |
–11.0% |
||
Total revenue |
2,031.1 |
2,001.3 |
1.5% |
3,874.4 |
3,802.3 |
1.9% |
||