Non-current assets rose by €42.6 million from their level at 31 December 2017 to €9,893.2 million as at 30 June 2018. Intangible assets accounted for €5,712.7 million (31 December 2017: €5,716.5 million). Goodwill amounted to 3,406.8 million as at 30 June 2018 (31 December 2017: €3,382.5 million). Other property, plant and equipment, which totalled €1,012.4 million (31 December 2017: €994.9 million), included a figure of €368.7 million for right-of-use assets related to procurement leases (31 December 2017: €347.4 million). These mainly comprised right-of-use assets for land and buildings of €261.0 million (31 December 2017: €247.6 million) and right-of-use assets for plant, machinery, and office furniture and equipment of €107.7 million (31 December 2017: €99.8 million).

Leased assets for direct and indirect leases with end customers that are classified as operating leases decreased moderately to €1,208.2 million (31 December 2017: €1,246.3 million). Rental assets increased to €646.2 million (31 December 2017: €608.4 million), reflecting the continued expansion of the rental fleet business. Long-term lease receivables arising from leases with end customers that are classified as finance leases amounted to €684.8 million (31 December 2017: €647.8 million).

Overall, current assets increased to €2,827.5 million (31 December 2017: €2,487.1 million), primarily because of the sharp rise in inventories in the Industrial Trucks & Services segment. The KION Group’s total inventories went up by €208.2 million to €976.8 million (31 December 2017: €768.6 million).

The KION Group’s net working capital, which comprises inventories, trade receivables and contract assets less trade payables and contract liabilities, rose sharply to €821.1 million as at 30 June 2018 (31 December 2017: €619.9 million). Cash and cash equivalents amounted to €180.4 million as at 30 June 2018 (31 December 2017: €173.2 million). > TABLE 11

To the KION GROUP AG, Frankfurt am Main

We have reviewed the condensed interim consolidated financial statements of the KION GROUP AG, Frankfurt am Main, comprising the consolidated income statement, consolidated statement of comprehensive income, consolidated statement of financial position, consolidated statement of cash flows, consolidated statement of changes in equity and selected explanatory notes, together with the interim group management report of the KION GROUP AG, Frankfurt am Main, for the period from 1 January to 30 June 2018, that are part of the semi annual financial report pursuant to § 115 paragraph 2 WpHG (Wertpapierhandelsgesetz: German Securities Trading Act). The preparation of the condensed interim consolidated financial statements in accordance with those IFRSs applicable to interim financial reporting as adopted by the EU, and of the interim group management report in accordance with the requirements of the WpHG applicable to interim group management reports, is the responsibility of the company’s management. Our responsibility is to issue a report on the condensed interim consolidated financial statements and on the interim group management report based on our review.

We conducted our review of the condensed interim consolidated financial statements and of the interim group management report in accordance with the German generally accepted standards for the review of financial statements promulgated by the Institut der Wirtschaftsprüfer (IDW). Those standards require that we plan and perform the review such that we can preclude through critical evaluation, with a certain level of assurance, that the condensed interim consolidated financial statements have not been prepared, in material respects, in accordance with those IFRSs applicable to interim financial reporting as adopted by the EU, and that the interim group management report has not been prepared, in material respects, in accordance with the requirements of the WpHG applicable to interim group management reports. A review is limited primarily to inquiries of company employees and analytical assessments and therefore does not provide the assurance attainable in a financial statements audit. Since, in accordance with our engagement, we have not performed a financial statements audit, we cannot issue an auditor’s report.

Based on our review no matters have come to our attention that cause us to presume that the condensed interim consolidated financial statements of the KION GROUP AG, Frankfurt am Main, have not been prepared, in material respects, in accordance with those IFRSs applicable to interim financial reporting as adopted by the EU, or that the interim group management report has not been prepared, in material respects, in accordance with the requirements of the WpHG applicable to interim group management reports.

Frankfurt am Main, 25 July 2018

Deloitte GmbH

Wirtschaftsprüfungsgesellschaft