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
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
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% |