Related party disclosures

In addition to its relationship with subsidiaries included in the condensed consolidated interim financial statements, the KION Group has direct or indirect business relationships with a number of non-consolidated subsidiaries, associates and joint ventures, and other related parties in the course of its ordinary business activities. The related parties that are solely or jointly controlled by the KION Group or over which significant influence can be exercised are included in the list of shareholdings as at December 31, 2022.

Another related party is the ultimate controlling party, Weichai Power Co., Ltd., Weifang, People’s Republic of China, which indirectly held a 46.5 percent stake in KION GROUP AG via Weichai Power (Luxembourg) Holding S.à r.l., Luxembourg (‘Weichai Power’) as at June 30, 2023 (December 31, 2022: 46.5 percent). The distribution of a dividend of €0.19 per share (2022: €1.50 per share) to Weichai Power resulted in an outflow of funds from KION GROUP AG of €11.6 million (2022: €89.0 million).

The revenue that the KION Group generated in the second quarter of 2023 and in the first half of 2023 from selling goods and services to related parties is shown in the following table along with the receivables that were outstanding at the reporting date.

The goods and services obtained from related parties in the second quarter of 2023 and in the first half of 2023 are shown in the following table along with the liabilities that were outstanding at the reporting date.

The exemption for government-related entities was applied. There were no transactions that were significant, either individually or taken together, between the KION Group and companies with which the KION Group is closely associated solely because of its relationship with Shandong Heavy Industry Group Co., Ltd, Jinan, People’s Republic of China.