Financial markets

In the reporting year, the KION Group billed 53.9 percent (2021: 54.3 percent) of its revenue in foreign currencies, the most important of which in addition to the US dollar were the Chinese renminbi and pound sterling. In 2022, based on the averages for the year, the euro depreciated by a significant 10.9 percent against the US dollar, by 7.2 percent against the renminbi, and by a modest 0.8 percent against pound sterling. This resulted in positive currency effects that were reflected in the KION Group’s operating performance.