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 (‘adjusted EBIT’).

The following tables show information on the KION Group’s operating segments for the third quarter of 2023 and 2022 and for the first three quarters of 2023 and 2022.

Segment information Q3 2023

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

2,020.2

709.4

0.2

–

2,729.9

Intersegment revenue

4.9

9.8

64.4

–79.1

–

Total revenue

2,025.1

719.3

64.6

–79.1

2,729.9

Earnings before tax

201.2

–16.9

81.0

–123.8

141.6

Net financial expenses

–29.5

–9.8

–16.0

–

–55.3

EBIT

230.7

–7.1

97.1

–123.8

196.9

+ Non-recurring items

3.6

0.9

–0.2

–

4.3

+ PPA items

0.4

22.0

0.0

–

22.4

= Adjusted EBIT

234.7

15.8

96.9

–123.8

223.6

Capital expenditure¹

80.8

27.7

10.4

–

118.9

Amortization and depreciation²

45.0

12.9

4.9

–

62.8

Order intake

1,756.6

872.3

64.6

–72.7

2,620.7

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)

Segment information Q3 2022

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

1,836.9

869.0

0.4

–

2,706.4

Intersegment revenue

2.0

5.3

53.1

–60.3

–

Total revenue

1,838.9

874.4

53.4

–60.3

2,706.4

Earnings before tax

119.7

–216.9

30.5

–66.4

–133.2

Net financial income/expenses

17.3

–5.6

–13.7

–

–1.9

EBIT

102.4

–211.3

44.2

–66.4

–131.2

+ Non-recurring items

–0.2

5.8

0.6

–

6.2

+ PPA items

0.4

23.6

0.0

–

24.0

= Adjusted EBIT

102.6

–182.0

44.8

–66.4

–101.1

Capital expenditure¹

54.4

22.6

9.5

–

86.5

Amortization and depreciation²

41.9

12.7

4.4

–

59.0

Order intake

1,904.9

614.4

53.4

–55.4

2,517.3

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)

Segment information Q1 – Q3 2023

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

6,149.3

2,197.0

0.9

–

8,347.3

Intersegment revenue

10.5

19.2

192.9

–222.6

–

Total revenue

6,159.8

2,216.3

193.9

–222.6

8,347.3

Earnings before tax

541.0

–68.1

19.1

–132.8

359.2

Net financial expenses

–65.3

–26.3

–40.2

–

–131.8

EBIT

606.2

–41.8

59.3

–132.8

490.9

+ Non-recurring items

3.5

6.2

1.2

–

10.8

+ PPA items

3.9

66.3

–

70.2

= Adjusted EBIT

613.6

30.7

60.5

–132.8

571.9

Segment assets

13,008.1

5,808.1

2,464.5

–3,968.8

17,311.8

Segment liabilities

8,792.2

2,930.2

3,712.6

–3,969.2

11,465.7

Capital expenditure¹

174.5

75.1

32.0

–

281.6

Amortization and depreciation²

130.2

38.9

14.2

–

183.3

Order intake

5,713.9

2,243.0

193.9

–221.9

7,928.8

Order book

3,365.8

3,338.2

–

–69.5

6,634.5

Number of employees³

29,745

10,758

1,324

–

41,827

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 Sep. 30, 2023; allocation according to the contractual relationships

Segment information Q1 – Q3 2022

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

5,282.3

2,959.2

1.5

–

8,243.0

Intersegment revenue

6.0

11.1

157.5

–174.6

–

Total revenue

5,288.3

2,970.4

159.0

–174.6

8,243.0

Earnings before tax

289.3

–127.1

126.2

–197.1

91.3

Net financial expenses / income

18.7

–20.6

–10.1

–

–12.1

EBIT

270.6

–106.4

136.3

–197.1

103.3

+ Non-recurring items

28.6

6.5

3.2

–

38.3

+ PPA items

1.3

67.7

–

69.0

= Adjusted EBIT

300.4

–32.2

139.5

–197.1

210.6

Segment assets

12,033.0

6,275.0

2,464.3

–3,594.6

17,177.6

Segment liabilities

8,194.6

3,027.3

3,809.4

–3,594.3

11,437.0

Capital expenditure¹

168.1

62.3

22.2

–

252.6

Amortization and depreciation²

119.2

36.4

12.6

–

168.2

Order intake

6,732.1

2,479.6

159.0

–198.6

9,172.1

Order book

4,257.8

3,477.4

–

–37.7

7,697.5

Number of employees³

28,611

11,345

1,200

–

41,156

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 Sep. 30, 2022; allocation according to the contractual relationships

Frankfurt am Main, October 24, 2023

The Executive Board

Segment report

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