Level of orders
The value of the KION Group’s order intake for the first nine months of the year totaled €9,172.1 million, which was up by 2.0 percent compared with the high figure for the same period of 2021. Currency effects increased the value of order intake by a total of €283.5 million.
Order intake in the Industrial Trucks & Services segment grew by 17.5 percent compared with the prior-year period to reach €6,732.1 million in the reporting period (Q1–Q3 2021: €5,731.1 million), even though market conditions were depressed by macroeconomic uncertainties. Much of this growth was attributable to the price adjustments that are now also being made in-year, particularly in the EMEA region. In the third quarter of 2022, order intake was up by 11.4 percent compared with the same period of 2021.
By contrast, new business in the Supply Chain Solutions segment contracted sharply year on year, especially in the third quarter of 2022. Whereas a number of big-ticket orders had resulted in a very full order book in 2021, only a low volume of orders was placed in the quarter under review, partly because customers postponed orders. Order intake was also affected by a general decline in demand from e-commerce customers and two noteworthy order cancellations by customers. Despite positive currency effects, the segment’s order intake in the first three quarters of the year fell by 24.1 percent to €2,479.6 million (Q1–Q3 2021: €3,267.4 million); the decrease in the third quarter compared with the record figure in the prior-year period was 56.1 percent.
As a result of the changes described above, the order book had increased to €7,697.5 million as at September 30, 2022 (December 31, 2021: €6,658.5 million).