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 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 first quarter of 2023 and for the first quarter of 2022.

Segment report Q1 2023

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation/
Reconciliation

Total

Revenue from external customers

2,002.8

777.8

0.4

–

2,781.0

Intersegment revenue

2.0

4.7

59.3

–66.0

–

Total revenue

2,004.8

782.5

59.7

–66.0

2,781.0

Earnings before tax

154.5

–21.0

–40.1

0.3

93.7

Net financial expenses

–19.1

–5.0

–11.6

–

–35.7

EBIT

173.6

–15.9

–28.5

0.3

129.4

+ Non-recurring items

–0.1

0.8

0.5

–

1.2

+ PPA items

3.1

22.3

–

–

25.4

= Adjusted EBIT

176.6

7.1

–28.0

0.3

156.0

Segment assets

12,313.2

5,754.0

2,444.2

–3,607.6

16,903.9

Segment liabilities

8,396.5

2,876.4

3,586.1

–3,607.4

11,251.6

Capital expenditure1

41.0

22.6

11.8

–

75.4

Amortization and depreciation2

40.6

13.1

4.5

–

58.2

Order intake

1,956.5

497.5

59.7

–69.4

2,444.3

Order book

3,756.6

3,000.3

–

–70.2

6,686.6

Number of employees3

28,927

11,005

1,264

–

41,196

1

Capital expenditure in property, plant and equipment and intangible assets, including capitalized development costs

2

On intangible assets and property, plant and equipment (excluding right-of-use assets and PPA items)

3

Number of employees (full-time equivalents) as at Mar. 31, 2023; allocation according to the contractual relationships
Segment report Q1 2022

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation/
Reconciliation

Total

Revenue from external customers

1,716.3

1,017.7

0.5

–

2,734.5

Intersegment revenue

2.1

2.1

52.1

–56.4

–

Total revenue

1,718.4

1,019.8

52.7

–56.4

2,734.5

Earnings before tax

89.3

43.0

–3.9

–13.4

115.0

Net financial income/expenses

3.9

–9.2

2.5

–

–2.8

EBIT

85.3

52.2

–6.4

–13.4

117.8

+ Non-recurring items

28.4

0.2

1.9

–

30.5

+ PPA items

0.4

21.6

–

–

22.1

= Adjusted EBIT

114.2

74.0

–4.6

–13.4

170.3

Segment assets

11,846.8

6,245.9

2,335.7

–4,079.8

16,348.7

Segment liabilities

8,238.6

3,081.9

3,634.0

–4,079.3

10,875.2

Capital expenditure1

57.7

19.7

4.1

–

81.4

Amortization and depreciation2

38.9

11.8

4.0

–

54.6

Order intake

2,082.1

843.2

52.7

–77.9

2,900.1

Order book

3,192.8

3,695.4

–

–33.6

6,854.6

Number of employees3

27,921

11,491

1,107

–

40,519

1

Capital expenditure in property, plant and equipment and intangible assets, including capitalized development costs

2

On intangible assets and property, plant and equipment (excluding right-of-use assets and PPA items)

3

Number of employees (full-time equivalents) as at Mar. 31, 2022; allocation according to the contractual relationships

Frankfurt am Main, April 26, 2023

The Executive Board

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