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’).
The following tables show information on the KION Group’s operating segments for the second quarter of 2018 and 2017 and for the first half of 2018 and 2017. > TABLES 40 – 43
Segment report Q2 2018
Segment report Q2 2018 |
40 |
||||||||
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||
|
|||||||||
Revenue from external customers |
1,447.2 |
577.8 |
6.2 |
– |
2,031.1 |
||||
Intersegment revenue |
2.4 |
1.0 |
68.8 |
–72.2 |
– |
||||
Total revenue |
1,449.6 |
578.8 |
74.9 |
–72.2 |
2,031.1 |
||||
Earnings before taxes |
120.2 |
16.9 |
78.6 |
–98.7 |
117.0 |
||||
Net financial expenses / income |
–16.0 |
–2.4 |
–6.7 |
– |
–25.1 |
||||
EBIT |
136.1 |
19.4 |
85.3 |
–98.7 |
142.1 |
||||
+ Non-recurring items |
1.1 |
2.3 |
0.6 |
– |
4.0 |
||||
+ PPA items |
11.0 |
29.8 |
0.0 |
– |
40.9 |
||||
= Adjusted EBIT |
148.2 |
51.5 |
85.9 |
–98.7 |
187.0 |
||||
Capital expenditure1 |
41.6 |
11.4 |
1.9 |
– |
55.0 |
||||
Amortisation and depreciation2 |
28.4 |
7.0 |
3.9 |
– |
39.2 |
||||
Order intake |
1,546.5 |
874.2 |
74.9 |
–71.6 |
2,424.0 |
||||
Segment report Q2 2017
Segment report Q2 2017* |
41 |
||||||||||
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||||
|
|||||||||||
Revenue from external customers |
1,397.5 |
598.7 |
5.1 |
– |
2,001.3 |
||||||
Intersegment revenue |
0.6 |
1.0 |
60.7 |
–62.4 |
– |
||||||
Total revenue |
1,398.1 |
599.8 |
65.8 |
–62.4 |
2,001.3 |
||||||
Earnings before taxes |
150.5 |
24.5 |
84.3 |
–109.5 |
149.7 |
||||||
Net financial expenses / income |
–9.2 |
8.3 |
–10.0 |
0.8 |
–10.1 |
||||||
EBIT |
159.7 |
16.2 |
94.3 |
–110.3 |
159.8 |
||||||
+ Non-recurring items |
–0.5 |
3.1 |
2.9 |
– |
5.6 |
||||||
+ PPA items |
0.2 |
44.8 |
0.0 |
– |
45.0 |
||||||
= Adjusted EBIT |
159.4 |
64.1 |
97.2 |
–110.3 |
210.4 |
||||||
Capital expenditure1 |
32.5 |
11.1 |
3.2 |
– |
46.9 |
||||||
Amortisation and depreciation2 |
25.8 |
6.9 |
3.9 |
– |
36.6 |
||||||
Order intake |
1,513.7 |
452.3 |
65.8 |
–61.3 |
1,970.5 |
||||||
Segment report Q1 – Q2 2018
Segment report Q1 – Q2 2018 |
42 |
||||||||||
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||||
|
|||||||||||
Revenue from external customers |
2,814.9 |
1,047.6 |
12.0 |
– |
3,874.4 |
||||||
Intersegment revenue |
3.5 |
1.9 |
139.0 |
–144.4 |
– |
||||||
Total revenue |
2,818.3 |
1,049.5 |
151.0 |
–144.4 |
3,874.4 |
||||||
Earnings before taxes |
242.9 |
11.3 |
58.6 |
–98.7 |
214.1 |
||||||
Net financial expenses / income |
–30.3 |
–10.0 |
–13.6 |
– |
–53.9 |
||||||
EBIT |
273.2 |
21.3 |
72.2 |
–98.7 |
268.0 |
||||||
+ Non-recurring items |
–0.3 |
2.6 |
0.8 |
– |
3.0 |
||||||
+ PPA items |
11.3 |
62.6 |
0.0 |
– |
73.9 |
||||||
= Adjusted EBIT |
284.2 |
86.5 |
72.9 |
–98.7 |
344.9 |
||||||
Segment assets |
9,173.3 |
4,735.5 |
1,743.7 |
–2,931.8 |
12,720.7 |
||||||
Segment liabilities |
6,377.9 |
1,947.6 |
4,288.2 |
–2,939.9 |
9,673.8 |
||||||
Capital expenditure1 |
78.0 |
22.3 |
3.7 |
– |
103.9 |
||||||
Amortisation and depreciation2 |
56.0 |
13.4 |
7.7 |
– |
77.1 |
||||||
Order intake |
3,031.6 |
1,270.4 |
151.0 |
–144.0 |
4,309.0 |
||||||
Number of employees3 |
24,731 |
6,851 |
727 |
– |
32,309 |
||||||
Segment report Q1 – Q2 2017
Segment report Q1 – Q2 2017* |
43 |
||||||||||||
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||||||
|
|||||||||||||
Revenue from external customers |
2,711.3 |
1,079.6 |
11.3 |
– |
3,802.3 |
||||||||
Intersegment revenue |
0.9 |
1.8 |
118.6 |
–121.3 |
– |
||||||||
Total revenue |
2,712.2 |
1,081.4 |
129.9 |
–121.3 |
3,802.3 |
||||||||
Earnings before taxes |
265.2 |
–4.0 |
231.9 |
–286.2 |
206.8 |
||||||||
Net financial expenses / income |
–20.8 |
–3.0 |
–23.5 |
–1.1 |
–48.4 |
||||||||
EBIT |
285.9 |
–1.1 |
255.4 |
–285.0 |
255.2 |
||||||||
+ Non-recurring items |
0.0 |
8.5 |
6.7 |
– |
15.3 |
||||||||
+ PPA items |
0.4 |
91.2 |
0.0 |
– |
91.6 |
||||||||
= Adjusted EBIT |
286.4 |
98.6 |
262.1 |
–285.0 |
362.0 |
||||||||
Segment assets |
9,721.9 |
4,496.7 |
1,576.3 |
–3,600.5 |
12,194.4 |
||||||||
Segment liabilities |
5,702.4 |
2,077.7 |
5,183.8 |
–3,613.1 |
9,350.8 |
||||||||
Capital expenditure1 |
59.3 |
22.1 |
6.1 |
– |
87.5 |
||||||||
Amortisation and depreciation2 |
51.5 |
13.6 |
8.0 |
– |
73.0 |
||||||||
Order intake |
2,928.3 |
913.6 |
129.9 |
–119.6 |
3,852.3 |
||||||||
Number of employees3 |
23,245 |
7,022 |
676 |
– |
30,943 |
||||||||
Non-recurring items contained in adjusted EBIT amounted to €3.0 million in the first half of 2018 (H1 2017: €15.3 million) and in the prior-year period related to the integration of Dematic and start-up costs at the production site in Mexico.
The effects from purchase price allocations comprised net depreciation and amortisation expense and other expenses in relation to the hidden reserves and charges identified as part of the acquisition processes.