Level of orders

At €5,078.7 million, the value of the KION Group’s order intake in the first half of 2024 was lower than in the prior-year period (H1 2023: €5,272.8 million).

In the Industrial Trucks & Services segment, the value of order intake in the first six months fell by 4.7 percent year on year to €3,769.5 million (H1 2023: €3,957.3 million). Order numbers for new trucks edged up overall relative to the prior-year period thanks to increased demand in the second quarter. The APAC region achieved a significant rise in the number of units ordered in the first half of 2024. There was a minor year-on-year decline in the volume of orders registered in the EMEA region in the first six months, whereas order numbers in the Americas region were down more strongly than expected. The service business was up slightly compared with the prior-year period.

Order intake in the Supply Chain Solutions segment came to €1,318.5 million, a small year-on-year decrease of 1.3 percent (H1 2023: €1,335.5 million). In the project business (business solutions), order intake was only marginally above the level of the prior-year period. Customers postponing the placement of orders and being generally reluctant to invest in project business continued to have an effect here, even though a recovery was evident in the customer segment encompassing pure e-commerce providers during the reporting period. In the high-margin service business (customer services), which consists of the modernization, expansion, and maintenance of customer installations, including the supply of spare parts, the volume of orders in the first half of 2024 was below the high level of the prior-year period.

The KION Group’s order book had contracted to €5,272.2 million as at June 30, 2024 (December 31, 2023: €6,045.2 million*). In the Industrial Trucks & Services segment, the substantial order backlog was reduced further thanks to the volume of unit sales that was achieved. The size of the order book in the Supply Chain Solutions segment decreased mainly because of the focus on working through legacy orders from preceding quarters.