Revenue

Consolidated revenue again rose substantially, increasing by 13.1 per cent to €6,524.2 million (Q1 – Q3 2018: €5,770.3 million). In the Industrial Trucks & Services segment, revenue generated from external customers went up by 10.9 per cent to €4,695.3 million (Q1 – Q3 2018: €4,231.9 million), driven by strong new truck business. Revenue generated from external customers in the Supply Chain Solutions segment rose by 19.1 per cent to €1,809.8 million (Q1 – Q3 2018: €1,519.9 million), to which double-digit growth rates in both the business solutions and the service business contributed. Overall, the share of consolidated revenue attributable to the service business decreased to 41.2 per cent (Q1 – Q3 2018: 43.5 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 €68.5 million. > TABLE 02

Revenue with third parties by product category02

in € million

 

Q3 2019

 

Q3 2018

 

Change

 

Q1 – Q3 2019

 

Q1 – Q3 2018

 

Change

Industrial Trucks & Services

 

1,551.7

 

1,417.1

 

9.5%

 

4,695.3

 

4,231.9

 

10.9%

New business

 

805.1

 

703.3

 

14.5%

 

2,452.7

 

2,107.5

 

16.4%

Service business

 

746.6

 

713.8

 

4.6%

 

2,242.6

 

2,124.5

 

5.6%

– Aftersales

 

395.7

 

372.5

 

6.2%

 

1,180.9

 

1,113.7

 

6.0%

– Rental business

 

226.0

 

229.3

 

–1.5%

 

684.4

 

663.5

 

3.1%

– Used trucks

 

87.0

 

76.4

 

13.9%

 

263.5

 

235.8

 

11.7%

– Other

 

37.9

 

35.5

 

6.6%

 

113.8

 

111.4

 

2.1%

Supply Chain Solutions

 

600.2

 

472.3

 

27.1%

 

1,809.8

 

1,519.9

 

19.1%

Business solutions

 

439.8

 

328.2

 

34.0%

 

1,366.9

 

1,131.7

 

20.8%

Service business

 

160.4

 

144.1

 

11.3%

 

442.9

 

388.2

 

14.1%

Corporate Services

 

8.1

 

6.5

 

25.5%

 

19.1

 

18.5

 

3.5%

Total revenue

 

2,160.0

 

1,895.9

 

13.9%

 

6,524.2

 

5,770.3

 

13.1%

Revenue by sales region

The rise in revenue in the Industrial Trucks & Services segment was largely attributable to western and eastern Europe and to the Americas region (North, Central and South America) in the nine months under review. The revenue generated by the Asia-Pacific region was almost unchanged compared with the prior-year period. The Supply Chain Solutions segment registered year-on-year growth in all of its core markets.

Overall, the KION Group achieved significant revenue growth in each of its main sales regions. Fast-growing markets accounted for 19.5 per cent of revenue in the reporting period (Q1 – Q3 2018: 20.0 per cent). A total of 80.7 per cent of revenue (Q1 – Q3 2018: 80.9 per cent) was generated outside Germany. > TABLE 03

Revenue with third parties by customer location03

in € million

 

Q3 2019

 

Q3 2018

 

Change

 

Q1 – Q3 2019

 

Q1 – Q3 2018

 

Change

Western Europe

 

1,251.7

 

1,130.6

 

10.7%

 

3,832.0

 

3,397.6

 

12.8%

Eastern Europe

 

162.6

 

139.8

 

16.3%

 

498.2

 

399.9

 

24.6%

Middle East and Africa

 

23.2

 

20.6

 

12.6%

 

70.0

 

78.0

 

–10.2%

North America

 

444.0

 

344.6

 

28.9%

 

1,305.4

 

1,141.8

 

14.3%

Central and South America

 

52.7

 

42.1

 

25.3%

 

156.3

 

119.9

 

30.4%

Asia-Pacific

 

225.9

 

218.3

 

3.5%

 

662.2

 

633.1

 

4.6%

Total revenue

 

2,160.0

 

1,895.9

 

13.9%

 

6,524.2

 

5,770.3

 

13.1%