Selected notes to the condensed consolidated income statement

Revenue

The following tables show revenue from contracts with customers, broken down by sales region, product category, timing of revenue recognition, and segment.

Disaggregation of revenue with third parties

 

Q2 2021

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Total

EMEA

1,307.6

282.1

1.9

1,591.6

Western Europe

1,136.7

264.6

1.9

1,403.2

Eastern Europe

152.5

15.0

0.0

167.5

Middle East and Africa

18.4

2.6

0.0

21.0

Americas

75.4

630.1

0.0

705.6

North America

32.6

626.4

0.0

659.0

Central and South America

42.8

3.7

0.0

46.5

APAC

215.3

80.3

0.0

295.6

China

157.6

16.8

0.0

174.4

APAC excluding China

57.7

63.5

0.0

121.2

Total revenue

1,598.3

992.5

1.9

2,592.8

 

 

 

 

 

New business

766.5

 

 

766.5

Service business

831.8

 

 

831.8

– Aftersales

423.2

 

 

423.2

– Rental business

243.8

 

 

243.8

– Used trucks

111.6

 

 

111.6

– Other

53.1

 

 

53.1

Business solutions

 

804.3

 

804.3

Service business

 

188.3

 

188.3

Corporate Services

 

 

1.9

1.9

Total revenue

1,598.3

992.5

1.9

2,592.8

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

Products and services transferred at a point in time

1,212.9

77.2

0.0

1,290.0

Products and services transferred over a period of time

385.4

915.4

1.9

1,302.7

Disaggregation of revenue with third parties

 

Q2 20201

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Total

EMEA

1,035.8

178.6

1.5

1,215.9

Western Europe

896.2

168.2

1.5

1,065.9

Eastern Europe

122.8

8.0

0.0

130.7

Middle East and Africa

16.8

2.5

0.0

19.3

Americas

65.8

379.7

0.0

445.5

North America

34.7

378.0

0.0

412.6

Central and South America

31.1

1.7

0.0

32.8

APAC

163.4

74.8

0.0

238.3

China

119.2

22.0

0.0

141.2

APAC excluding China

44.3

52.8

0.0

97.1

Total revenue

1,265.0

633.1

1.5

1,899.6

 

 

 

 

 

New business

584.2

 

 

584.2

Service business

680.8

 

 

680.8

– Aftersales

338.1

 

 

338.1

– Rental business

220.1

 

 

220.1

– Used trucks

82.7

 

 

82.7

– Other

39.9

 

 

39.9

Business solutions

 

475.8

 

475.8

Service business

 

157.3

 

157.3

Corporate Services

 

 

1.5

1.5

Total revenue

1,265.0

633.1

1.5

1,899.6

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

Products and services transferred at a point in time

921.5

67.3

0.0

988.8

Products and services transferred over a period of time

343.5

565.8

1.5

910.8

1

Effective January 1, 2021, the logistics service companies were transferred from the Corporate Services segment to the Industrial Trucks & Services segment. In addition, a definitional adjustment was made in the two product categories of the Supply Chain Solutions segment. The 2020 segment figures have been adjusted accordingly.

Disaggregation of revenue with third parties

 

Q1 – Q2 2021

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Total

EMEA

2,572.1

524.1

4.4

3,100.5

Western Europe

2,248.9

493.4

4.4

2,746.7

Eastern Europe

290.5

24.4

0.0

314.9

Middle East and Africa

32.6

6.2

0.0

38.8

Americas

143.3

1,181.2

0.0

1,324.4

North America

62.3

1,176.6

0.0

1,238.9

Central and South America

81.0

4.6

0.0

85.6

APAC

399.1

143.8

0.0

542.9

China

280.3

26.4

0.0

306.8

APAC excluding China

118.7

117.4

0.0

236.2

Total revenue

3,114.4

1,849.1

4.4

4,967.9

 

 

 

 

 

New business

1,484.3

 

 

1,484.3

Service business

1,630.1

 

 

1,630.1

– Aftersales

841.9

 

 

841.9

– Rental business

479.5

 

 

479.5

– Used trucks

211.3

 

 

211.3

– Other

97.4

 

 

97.4

Business solutions

 

1,490.0

 

1,490.0

Service business

 

359.1

 

359.1

Corporate Services

 

 

4.4

4.4

Total revenue

3,114.4

1,849.1

4.4

4,967.9

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

Products and services transferred at a point in time

2,355.7

149.2

0.0

2,505.0

Products and services transferred over a period of time

758.7

1,699.8

4.4

2,462.9

Disaggregation of revenue with third parties

 

Q1 – Q2 20201

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Total

EMEA

2,272.2

348.0

3.0

2,623.1

Western Europe

1,981.3

326.6

3.0

2,310.9

Eastern Europe

259.0

13.8

0.0

272.9

Middle East and Africa

31.8

7.6

0.0

39.4

Americas

145.5

749.9

0.0

895.4

North America

79.4

745.1

0.0

824.5

Central and South America

66.1

4.8

0.0

70.9

APAC

293.2

115.5

0.0

408.8

China

197.6

29.8

0.0

227.4

APAC excluding China

95.6

85.7

0.0

181.3

Total revenue

2,710.9

1,213.5

3.0

3,927.3

 

 

 

 

 

New business

1,301.8

 

 

1,301.8

Service business

1,409.1

 

 

1,409.1

– Aftersales

721.4

 

 

721.4

– Rental business

446.0

 

 

446.0

– Used trucks

164.6

 

 

164.6

– Other

77.1

 

 

77.1

Business solutions

 

878.7

 

878.7

Service business

 

334.8

 

334.8

Corporate Services

 

 

3.0

3.0

Total revenue

2,710.9

1,213.5

3.0

3,927.3

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

Products and services transferred at a point in time

2,012.3

136.5

0.0

2,148.8

Products and services transferred over a period of time

698.6

1,077.0

3.0

1,778.5

1

Effective January 1, 2021, the logistics service companies were transferred from the Corporate Services segment to the Industrial Trucks & Services segment. In addition, a definitional adjustment was made in the two product categories of the Supply Chain Solutions segment. The 2020 segment figures have been adjusted accordingly.

Share of profit (loss) of equity-accounted investments

The share of profit (loss) of equity-accounted investments amounted to a profit of €10.3 million in the reporting period (H1 2020: loss of €3.6 million).

In the prior-year period, this item had included not only the operating profit / loss of the equity-accounted investments but also an impairment loss of €10.7 million recognized on Linde Hydraulics GmbH & Co. KG, Aschaffenburg.

Net financial expenses

The net financial expenses, representing the balance of financial income and financial expenses, improved by €27.7 million to €19.2 million in the first six months of this year (H1 2020: €46.9 million).

Of this amount, €13.7 million (H1 2020: €14.1 million) was attributable to interest expense on loan liabilities, promissory notes, and bonds.

Interest income from the leasing business totaling €33.0 million (H1 2020: €28.9 million) related to the interest portion of lease payments in which KION Group entities operate as lessors (in the case of leases classified as finance leases). Interest expense from the leasing and short-term rental business amounting to €25.7 million (H1 2020: €27.6 million) related to liabilities from financing the leasing and short-term rental business.

Interest expense on procurement leases amounted to €6.1 million (H1 2020: €7.0 million).

The net loss in respect of the retirement benefit obligation and similar obligations amounted to €4.8 million in the first six months of 2021 (H1 2020: net loss of €7.0 million).

Currency effects had an aggregate adverse impact on net financial expenses of €3.6 million (H1 2020: €7.8 million).

Income taxes

Income taxes for the current reporting period are recognized on the basis of the expected income tax rate for the full year.