Research and development
Total spending on research and development went up by 4.4 per cent year on year to reach €112.6 million (H1 2018: €107.8 million), which equates to 2.6 per cent of revenue (H1 2018: 2.8 per cent). Within this total, research and development costs of €74.5 million (H1 2018: €69.3 million) were expensed, including a sum of €40.2 million for amortisation of capitalised development costs (H1 2018: €37.4 million). Additional development costs of €38.1 million (H1 2018: €38.6 million) were capitalised during the reporting period. > TABLE 15
Research and development (R&D) |
15 |
|||||
in € million |
Q2 2019 |
Q2 2018 |
Change |
Q1 – Q2 2019 |
Q1 – Q2 2018 |
Change |
Research and development costs (P&L) |
38.0 |
34.4 |
10.6% |
74.5 |
69.3 |
7.5% |
Capitalised development costs |
19.6 |
20.7 |
–5.1% |
38.1 |
38.6 |
–1.1% |
Total R&D spending |
57.6 |
55.1 |
4.7% |
112.6 |
107.8 |
4.4% |
R&D spending as percentage of revenue |
2.5% |
2.7% |
– |
2.6% |
2.8% |
– |
Focus of R&D in the first half of 2019
Under the KION 2027 strategy, research and development is still set up so as to provide the best possible support for the long-term success of the KION Group as the world’s second-largest manufacturer of industrial trucks and the leading provider by revenue of automation technology. This was reflected in the areas of focus during the reporting period.