Revenue
Consolidated revenue went down by 8.0 percent to €6,000.2 million (Q1–Q3 2019: €6,524.2 million). In the Industrial Trucks & Services segment, revenue generated from external customers fell by 12.6 percent to €4,106.0 million (Q1–Q3 2019: €4,695.3 million) due to the restrictions on production in the second quarter and the decline in new truck business and service business throughout the reporting period. The Supply Chain Solutions segment’s revenue from external customers came to €1,876.0 million, which represented a year-on-year increase of 3.7 percent (Q1–Q3 2019: €1,809.8 million). Despite isolated delays to projects caused by local lockdowns, business solutions recorded a small revenue increase of 2.0 percent compared with the prior-year period. The segment’s service business saw a rise of 8.9 percent on the back of orders for the modernization and expansion of systems.
Overall, the proportion of consolidated revenue attributable to the service business grew from 41.2 percent in the prior-year period to 43.9 percent in the first nine months of 2020, predominantly due to the decline in new truck business. Currency effects had a negative impact on consolidated revenue, decreasing it by a total of €56.7 million.
in € million |
Q3 |
Q3 |
Change |
Q1 – Q3 |
Q3 |
Change |
|---|---|---|---|---|---|---|
Industrial Trucks & Services |
1,402.7 |
1,551.7 |
–9.6% |
4,106.0 |
4,695.3 |
–12.6% |
New business |
654.7 |
805.1 |
–18.7% |
1,956.5 |
2,452.7 |
–20.2% |
Service business |
748.0 |
746.6 |
0.2% |
2,149.6 |
2,242.6 |
–4.1% |
– Aftersales |
389.0 |
395.7 |
–1.7% |
1,110.4 |
1,180.9 |
–6.0% |
– Rental business |
227.7 |
226.0 |
0.7% |
673.7 |
684.4 |
–1.6% |
– Used trucks |
93.0 |
87.0 |
6.8% |
257.6 |
263.5 |
–2.2% |
– Other |
38.3 |
37.9 |
1.2% |
107.9 |
113.8 |
–5.2% |
Supply Chain Solutions |
662.5 |
600.2 |
10.4% |
1,876.0 |
1,809.8 |
3.7% |
Business solutions |
492.8 |
439.8 |
12.0% |
1,393.5 |
1,366.9 |
2.0% |
Service business |
169.7 |
160.4 |
5.8% |
482.4 |
442.9 |
8.9% |
Corporate Services |
7.7 |
8.1 |
–5.8% |
18.2 |
19.1 |
–4.7% |
Total revenue |
2,072.9 |
2,160.0 |
–4.0% |
6,000.2 |
6,524.2 |
–8.0% |
Revenue by sales region
Much of the fall in revenue was attributable to the EMEA region in the Industrial Trucks & Services segment. The temporary lockdown measures and a distinct reluctance to invest meant that business performance in Europe was particularly badly affected compared with the other sales regions. By contrast, the Supply Chain Solutions segment increased its revenue in the European markets. Within the Americas region, revenue in North America, which is a major sales market for the Supply Chain Solutions segment, fell slightly as a result of project delays attributable to local lockdowns while revenue in Central and South America dropped sharply. The APAC region benefited from China’s significant growth spurt, and revenue in the region was only just short of the figure for the prior-year period.
Emerging markets accounted for 18.5 percent of the KION Group’s revenue in the reporting period (Q1–Q3 2019: 19.5 percent). A total of 82.2 percent of revenue was generated outside Germany (Q1–Q3 2019: 80.7 percent).
in € million |
Q3 |
Q3 |
Change |
Q1 – Q3 |
Q1 – Q3 |
Change |
|---|---|---|---|---|---|---|
Western Europe |
1,208.6 |
1,251.7 |
–3.4% |
3,519.4 |
3,832.0 |
–8.2% |
Eastern Europe |
143.7 |
162.6 |
–11.6% |
416.6 |
498.2 |
–16.4% |
Middle East and Africa |
16.7 |
23.2 |
–28.0% |
56.1 |
70.0 |
–19.9% |
North America |
418.7 |
444.0 |
–5.7% |
1,243.2 |
1,305.4 |
–4.8% |
Central and South America |
40.6 |
52.7 |
–23.0% |
111.5 |
156.3 |
–28.7% |
Asia-Pacific |
244.6 |
225.9 |
8.3% |
653.4 |
662.2 |
–1.3% |
Total revenue |
2,072.9 |
2,160.0 |
–4.0% |
6,000.2 |
6,524.2 |
–8.0% |