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.
The following tables show information on the KION Group’s operating segments for the second quarter of 2022 and 2021 and for the first half of 2022 and 2021.
Segment information Q2 2022
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||
|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
1,729.1 |
1,072.5 |
0.6 |
– |
2,802.2 |
||||
Intersegment revenue |
1.9 |
3.7 |
52.3 |
–57.9 |
– |
||||
Total revenue |
1,731.0 |
1,076.2 |
52.9 |
–57.9 |
2,802.2 |
||||
Earnings before tax |
80.4 |
46.8 |
99.5 |
–117.3 |
109.4 |
||||
Net financial expenses / income |
–2.5 |
–5.9 |
1.0 |
– |
–7.4 |
||||
EBIT |
82.9 |
52.7 |
98.6 |
–117.3 |
116.8 |
||||
+ Non-recurring items |
0.3 |
0.5 |
0.8 |
– |
1.6 |
||||
+ PPA items |
0.4 |
22.5 |
0.0 |
– |
23.0 |
||||
= Adjusted EBIT |
83.6 |
75.8 |
99.3 |
–117.3 |
141.4 |
||||
Capital expenditure1 |
56.1 |
20.0 |
8.6 |
– |
84.7 |
||||
Amortization and depreciation2 |
38.4 |
12.0 |
4.2 |
– |
54.6 |
||||
Order intake |
2,745.1 |
1,022.0 |
52.9 |
–65.4 |
3,754.6 |
||||
|
|||||||||
Segment information 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 information Q1 – Q2 2022
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
3,445.3 |
2,090.2 |
1.1 |
– |
5,536.7 |
||||||
Intersegment revenue |
4.1 |
5.8 |
104.4 |
–114.3 |
– |
||||||
Total revenue |
3,449.4 |
2,096.0 |
105.6 |
–114.3 |
5,536.7 |
||||||
Earnings before tax |
169.6 |
89.8 |
95.7 |
–130.7 |
224.5 |
||||||
Net financial income / expenses |
1.4 |
–15.1 |
3.5 |
– |
–10.1 |
||||||
EBIT |
168.2 |
104.9 |
92.1 |
–130.7 |
234.6 |
||||||
+ Non-recurring items |
28.7 |
0.7 |
2.6 |
– |
32.1 |
||||||
+ PPA items |
0.9 |
44.2 |
0.0 |
– |
45.0 |
||||||
= Adjusted EBIT |
197.8 |
149.8 |
94.7 |
–130.7 |
311.7 |
||||||
Segment assets |
11,984.9 |
6,573.8 |
2,617.5 |
–4,350.7 |
16,825.6 |
||||||
Segment liabilities |
8,298.3 |
3,272.4 |
3,989.3 |
–4,349.4 |
11,210.6 |
||||||
Capital expenditure1 |
113.8 |
39.7 |
12.7 |
– |
166.1 |
||||||
Amortization and depreciation2 |
77.3 |
23.7 |
8.2 |
– |
109.3 |
||||||
Order intake |
4,827.2 |
1,865.2 |
105.6 |
–143.2 |
6,654.8 |
||||||
Order book |
4,219.9 |
3,762.3 |
– |
–41.2 |
7,941.1 |
||||||
Number of employees3 |
28,084 |
11,560 |
1,160 |
– |
40,804 |
||||||
|
|||||||||||
Segment information 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 / income |
–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 |
–93.4 |
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 |
||||||
|
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In the first six months of 2022, revenue of €863.1 million (H1 2021: €897.4 million) was generated from one single external customer and predominantly in the Supply Chain Solutions segment.
Non-recurring items amounted to an expense of €32.1 million in the first six months of 2022. They were mainly attributable to the Industrial Trucks & Services segment and chiefly related to impairment losses on assets of the Russian subsidiaries. The expense of €5.5 million recognized in the prior-year period was also mainly attributable to the Industrial Trucks & Services segment and was partly related to the capacity and structural program.