Segment report
The Executive Board, as the chief operating decision-maker (CODM), manages the KION Group on the basis of the following segments: Industrial Trucks & Services, Supply Chain Solutions, and Corporate Services. The segments have been defined in accordance with the KION Group’s organizational and strategic focus.
The KPIs used to manage the segments are order intake, revenue, and adjusted EBIT. Segment reporting therefore includes a reconciliation of externally reported consolidated earnings before interest and tax (EBIT) – including effects from purchase price allocations and non-recurring items – to the adjusted EBIT for the segments.
Since January 1, 2021, the Industrial Trucks & Services segment has consisted of three Operating Units: KION ITS EMEA, KION ITS APAC, and KION ITS Americas. As part of this reorganization and based on the internal management structure, the logistics services companies were transferred from the Corporate Services segment to the Industrial Trucks & Services operating segment.
The following tables show information on the KION Group’s operating segments for the second quarter of 2021 and 2020 and for the first half of 2021 and 2020.
Segment report Q2 2021
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||
|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
1,598.3 |
992.5 |
1.9 |
– |
2,592.8 |
||||
Intersegment revenue |
2.7 |
4.0 |
39.7 |
–46.4 |
– |
||||
Total revenue |
1,601.0 |
996.5 |
41.6 |
–46.4 |
2,592.8 |
||||
Earnings before tax |
137.6 |
96.9 |
–0.6 |
–21.8 |
212.1 |
||||
Net financial expenses |
–2.2 |
–6.6 |
–0.3 |
– |
–9.2 |
||||
EBIT |
139.8 |
103.6 |
–0.2 |
–21.8 |
221.3 |
||||
+ Non-recurring items |
7.4 |
1.6 |
–3.9 |
– |
5.0 |
||||
+ PPA items |
0.5 |
20.4 |
0.0 |
– |
20.9 |
||||
= Adjusted EBIT |
147.6 |
125.5 |
–4.2 |
–21.8 |
247.2 |
||||
Capital expenditure1 |
45.9 |
15.3 |
4.1 |
– |
65.3 |
||||
Amortization and depreciation2 |
34.2 |
10.1 |
3.6 |
– |
47.9 |
||||
Order intake |
2,220.7 |
1,038.9 |
41.6 |
–45.9 |
3,255.4 |
||||
|
|||||||||
Segment report Q2 2020
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
1,265.0 |
633.1 |
1.5 |
– |
1,899.6 |
||||||
Intersegment revenue |
2.5 |
1.5 |
38.3 |
–42.4 |
– |
||||||
Total revenue |
1,267.5 |
634.6 |
39.8 |
–42.4 |
1,899.6 |
||||||
Earnings before tax |
–14.5 |
23.7 |
12.7 |
–25.6 |
–3.7 |
||||||
Net financial expenses |
–11.2 |
–7.3 |
–2.8 |
– |
–21.2 |
||||||
EBIT |
–3.4 |
31.0 |
15.5 |
–25.6 |
17.5 |
||||||
+ Non-recurring items |
20.0 |
–0.1 |
0.7 |
– |
20.6 |
||||||
+ PPA items |
0.2 |
22.5 |
0.0 |
– |
22.7 |
||||||
= Adjusted EBIT |
16.8 |
53.4 |
16.1 |
–25.6 |
60.7 |
||||||
Capital expenditure2 |
33.0 |
12.0 |
4.1 |
– |
49.0 |
||||||
Amortization and depreciation3 |
33.2 |
10.7 |
4.0 |
– |
47.9 |
||||||
Order intake |
1,264.8 |
1,057.6 |
39.8 |
–42.8 |
2,319.3 |
||||||
|
|||||||||||
Segment report Q1 – Q2 2021
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
3,114.4 |
1,849.1 |
4.4 |
– |
4,967.9 |
||||||
Intersegment revenue |
5.3 |
8.1 |
80.9 |
–94.3 |
– |
||||||
Total revenue |
3,119.7 |
1,857.2 |
85.3 |
–94.3 |
4,967.9 |
||||||
Earnings before tax |
263.2 |
170.0 |
–14.2 |
–23.4 |
395.6 |
||||||
Net financial expenses |
–7.7 |
–14.1 |
2.6 |
– |
–19.2 |
||||||
EBIT |
270.9 |
184.1 |
–16.8 |
–23.4 |
414.8 |
||||||
+ Non-recurring items |
6.9 |
2.2 |
–3.6 |
– |
5.5 |
||||||
+ PPA items |
0.8 |
41.0 |
0.0 |
– |
41.8 |
||||||
= Adjusted EBIT |
278.6 |
227.3 |
–20.4 |
–23.4 |
462.2 |
||||||
Segment assets |
11,223.5 |
5,624.7 |
1,918.9 |
–3,998.0 |
14,769.1 |
||||||
Segment liabilities |
7,901.0 |
2,615.0 |
3,489.8 |
–3,997.7 |
10,008.1 |
||||||
Capital expenditure1 |
89.0 |
26.8 |
7.5 |
– |
123.3 |
||||||
Amortization and depreciation2 |
68.7 |
20.6 |
7.0 |
– |
96.3 |
||||||
Order intake |
4,021.1 |
1,868.8 |
85.3 |
–93.5 |
5,881.7 |
||||||
Order book |
2,264.6 |
3,150.3 |
– |
–5.9 |
5,409.0 |
||||||
Number of employees3 |
26,550 |
10,190 |
978 |
– |
37,718 |
||||||
|
|||||||||||
Segment report Q1 – Q2 2020
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
2,710.9 |
1,213.5 |
3.0 |
– |
3,927.3 |
||||||||
Intersegment revenue |
3.9 |
2.4 |
76.2 |
–82.5 |
– |
||||||||
Total revenue |
2,714.8 |
1,215.8 |
79.2 |
–82.5 |
3,927.3 |
||||||||
Earnings before tax |
69.7 |
53.3 |
–6.4 |
–25.8 |
90.8 |
||||||||
Net financial expenses |
–24.7 |
–13.5 |
–8.8 |
– |
–46.9 |
||||||||
EBIT |
94.4 |
66.7 |
2.4 |
–25.8 |
137.6 |
||||||||
+ Non-recurring items |
20.0 |
1.0 |
1.3 |
– |
22.3 |
||||||||
+ PPA items |
0.4 |
44.4 |
0.0 |
– |
44.8 |
||||||||
= Adjusted EBIT |
114.8 |
112.1 |
3.7 |
–25.8 |
204.8 |
||||||||
Segment assets |
10,444.7 |
5,392.7 |
1,965.3 |
–3,780.2 |
14,022.6 |
||||||||
Segment liabilities |
7,532.1 |
2,448.9 |
4,310.5 |
–3,780.0 |
10,511.5 |
||||||||
Capital expenditure2 |
98.7 |
22.4 |
9.0 |
– |
130.0 |
||||||||
Amortization and depreciation3 |
65.4 |
20.2 |
8.0 |
– |
93.6 |
||||||||
Order intake |
2,663.4 |
1,743.9 |
79.2 |
–86.4 |
4,400.1 |
||||||||
Order book |
1,276.0 |
2,713.9 |
– |
–15.5 |
3,974.4 |
||||||||
Number of employees4 |
26,399 |
8,271 |
908 |
– |
35,578 |
||||||||
|
|||||||||||||
In the first six months of 2021, revenue of €897.4 million (H1 2020: €434.1 million) was generated from one single external customer and predominantly in the Supply Chain Solutions segment.
Non-recurring items amounted to an expense of €5.5 million in the first six months of 2021. They were mainly attributable to the Industrial Trucks & Services segment and related in part to the capacity and structural program. The expense for the prior-year period of €22.3 million had included an impairment charge on the stake held in Linde Hydraulics GmbH & Co. KG, the effects of restructuring the sales organization in the United Kingdom, and other items.