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’).

> TABLES 18 – 19 show information on the KION Group’s operating segments for the first quarters of 2019 and 2018.

Segment report Q1 2019

18

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consoli­dation / Recon­ciliation

Total

1

Capital expenditure including capitalised development costs, excluding right-of-use assets

2

On intangible assets and property, plant and equipment (excluding right-of-use assets and PPA items)

3

Number of employees (full-time equivalents) as at 31/03/2019; allocation according to the contractual relationships

Revenue from external customers

1,507.9

568.4

7.2

–

2,083.4

Intersegment revenue

0.7

0.4

72.8

–74.0

–

Total revenue

1,508.6

568.8

80.0

–74.0

2,083.4

Earnings before taxes

135.4

19.4

–21.0

0.1

133.9

Net financial expenses

–13.1

–5.4

–6.3

–

–24.8

EBIT

148.5

24.8

–14.7

0.1

158.7

+ Non-recurring items

0.1

1.1

0.0

–

1.2

+ PPA items

0.2

22.3

–

–

22.5

= Adjusted EBIT

148.8

48.2

–14.7

0.1

182.4

Segment assets

9,906.1

5,140.3

1,720.5

–3,380.1

13,386.8

Segment liabilities

7,032.1

2,234.1

4,075.4

–3,377.0

9,964.6

Capital expenditure1

43.4

8.6

3.6

–

55.6

Amortisation and depreciation2

28.4

8.8

4.1

–

41.3

Order intake

1,510.5

602.9

80.0

–75.1

2,118.3

Number of employees3

25,716

7,033

815

–

33,564

Segment report Q1 2018

19

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consoli­dation / Recon­ciliation

Total

1

Capital expenditure including capitalised development costs, excluding right-of-use assets

2

On intangible assets and property, plant and equipment (excluding right-of-use assets and PPA items)

3

Number of employees (full-time equivalents) as at 31/03/2018; allocation according to the contractual relationships

Revenue from external customers

1,367.7

469.8

5.8

–

1,843.3

Intersegment revenue

1.1

0.8

70.2

–72.2

–

Total revenue

1,368.8

470.7

76.0

–72.2

1,843.3

Earnings before taxes

122.7

–5.6

–20.0

–0.0

97.1

Net financial expenses

–14.4

–7.5

–6.9

–

–28.8

EBIT

137.1

1.9

–13.1

–0.0

125.8

+ Non-recurring items

–1.4

0.3

0.2

–

–0.9

+ PPA items

0.2

32.8

0.0

–

33.0

= Adjusted EBIT

135.9

35.0

–13.0

–0.0

157.9

Segment assets

9,010.9

4,667.3

1,680.3

–2,877.1

12,481.3

Segment liabilities

6,217.1

1,982.5

4,154.7

–2,887.9

9,466.5

Capital expenditure1

36.4

10.8

1.8

–

48.9

Amortisation and depreciation2

27.6

6.4

3.8

–

37.8

Order intake

1,485.2

396.3

76.0

–72.4

1,885.0

Number of employees3

24,451

6,877

713

–

32,042

Non-recurring items resulted in expenses of €1.2 million in the first quarter of 2019 (Q1 2018: income of €0.9 million). The effects from purchase price allocations comprised net write-downs and other expenses in relation to the hidden reserves and charges identified as part of the acquisition processes.

Frankfurt am Main, 24 April 2019

The Executive Board