Segment report

The Executive Board, as the chief operating decision-maker (CODM), manages the KION Group on the basis of the two segments Industrial Trucks & Services and Supply Chain Solutions. 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 first quarter of 2024 and for the first quarter of 2023.

Segment information Q1 2024

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

2,150.0

708.3

0.8

–

2,859.1

Intersegment revenue

3.0

10.6

71.3

–85.0

–

Total revenue

2,153.1

718.9

72.1

–85.0

2,859.1

Earnings before tax

217.7

–1.4

–46.0

–0.5

169.7

Net financial expenses

–19.9

–3.7

–17.7

–

–41.2

EBIT

237.5

2.2

–28.3

–0.5

210.9

+ Non-recurring items

2.0

–5.7

–2.5

–

–6.3

+ PPA items

0.2

21.9

–

–

22.1

= Adjusted EBIT

239.7

18.4

–30.9

–0.5

226.7

Segment assets

13,940.4

5,667.5

2,944.3

–4,829.7

17,722.6

Segment liabilities

9,829.7

2,936.0

3,844.1

–4,832.9

11,776.9

Capital expenditure1

52.2

26.4

9.2

–

87.7

Amortization and depreciation2

47.2

12.7

5.2

–

65.1

Order intake

1,804.0

641.6

72.1

–78.8

2,438.9

Order book

2,877.1

2,778.2

–

–67.7

5,587.6

Number of employees3

30,737

10,404

1,425

–

42,566

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, 2024; allocation according to the contractual relationships
Segment information Q1 2023

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

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 assets1

12,373.9

5,754.0

2,444.2

–3,607.6

16,964.5

Segment liabilities1

8,457.1

2,876.4

3,586.1

–3,607.4

11,312.2

Capital expenditure2

41.0

22.6

11.8

–

75.4

Amortization and depreciation3

40.6

13.1

4.5

–

58.2

Order intake4

1,956.5

454.4

59.7

–69.4

2,401.2

Order book4

3,756.6

2,662.3

–

–70.2

6,348.6

Number of employees5

28,927

11,005

1,264

–

41,196

1

Prior-year figures adjusted

2

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

3

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

4

Prior-year figures for order intake and for the order book have been adjusted for definition-related reasons in the SCS segment

5

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

Frankfurt am Main, April 24, 2024

The Executive Board

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