Revenue

Consolidated revenue also surged, increasing by 10.1 per cent to €8,806.5 million (2018: €7,995.7 million). In the Industrial Trucks & Services segment, revenue generated from external customers went up by 8.2 per cent to €6,403.7 million (2018: €5,916.3 million), predominantly thanks to strong new truck business. The revenue generated by the Supply Chain Solutions segment from external customers jumped by 15.8 per cent year on year to reach €2,376.1 million (2018: €2,052.1 million). Double-digit growth rates in both the project business (business solutions) and the service business contributed to this result. At Group level, the share of consolidated revenue attributable to the service business decreased to 41.5 per cent (2018: 43.1 per cent) owing to the disproportionately strong growth in new truck business and business solutions. Currency effects – particularly the resurgent US dollar – had a positive impact on consolidated revenue, increasing it by a total of €84.5 million. > TABLE 009

Revenue by sales region

The KION Group achieved significant revenue growth in each of its main sales regions, despite the disparate performance of the different markets. One of the reasons for the increase of 10.1 per cent in the EMEA region was the growth of unit sales in the Industrial Trucks & Services segment. Much of the growth in Western Europe (up by 9.7 per cent) was generated in France, Germany, Italy and the United Kingdom, while Eastern Europe (up by 14.6 per cent) saw a sharp rise in Poland. Another reason was the contribution to the overall growth in the European markets from the Supply Chain Solutions segment, which registered strong increases in both Western Europe (up by 21.8 per cent) and Eastern Europe (up by 20.8 per cent). In the Americas region (North, Central and South America), the KION Group posted a rise in revenue of 14.0 per cent – helped by currency effects – and thus boosted its strong market position in North America, especially in the Supply Chain Solutions segment. Revenue rose by 3.1 per cent in the Asia-Pacific region, largely thanks to the positive business performance of the Supply Chain Solutions segment. In the Industrial Trucks & Services segment, however, the revenue generated in the core Chinese market declined slightly owing to a shift in the sales mix towards entry-level trucks in the lower weight categories. Emerging markets accounted for 19.8 per cent of the KION Group’s revenue in the reporting year (2018: 20.3 per cent), while 80.7 per cent of consolidated revenue (2018: 80.8 per cent) was generated outside Germany. > TABLE 010