Level of orders

The value of order intake for the KION Group came to €5,308.1 million in the first half of 2023 and was thus 20.2 percent lower than the very high figure for H1 2022 of €6,654.8 million.

At €3,957.3 million order intake in the Industrial Trucks & Services segment was down by 18.0 percent on the prior-year figure (€4,827.2 million), which had been boosted by customers placing their orders earlier in response to supply chain disruption. In a weakening overall market environment, order numbers for new trucks in the EMEA and Americas regions were unable to match the very high levels achieved in the prior year. By contrast, the service business saw an encouraging uptick in orders.

In the Supply Chain Solutions segment, order intake fell by 26.5 percent to €1,370.7 million (H1 2022: €1,865.2 million). The downturn in project business (business solutions) reflects the current lull in the warehouse automation market following several years of robust growth. The service business recorded an increase in order intake in the first six months of 2023 and benefited from further growth in the base of installed systems.

At €6,682.0 million, the KION Group’s order book remained well filled (December 31, 2022: €7,077.8 million).