Revenue
Consolidated revenue came to €5,736.2 million in the first six months of 2024, an increase of 2.1 percent on the figure for the prior-year period (H1 2023: €5,617.4 million). The share of consolidated revenue attributable to the service business stood at 45.2 percent (H1 2023: 44.3 percent).
In the Industrial Trucks & Services segment, revenue generated from external customers went up by 4.2 percent to €4,300.8 million (H1 2023: €4,129.1 million). The rise in the volume of unit sales and the positive effects of the increase in sale prices made a significant contribution to revenue growth in the ITS segment. Revenue also increased across all of the main categories in the service business.
At €1,433.7 million, revenue generated from external customers in the Supply Chain Solutions segment was down by 3.6 percent compared with the figure for the prior-year period (H1 2023: €1,487.6 million). This decline was primarily due to the fall in order intake in the project business (business solutions) during preceding quarters. In addition, the current order book contains a growing proportion of long-term projects, the revenue from which will be recognized over an extended period. The consistent service business (customer services) registered a sharp rise in revenue for the first half of the year.
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
|---|---|---|---|---|---|---|
Industrial Trucks & Services |
2,150.8 |
2,126.3 |
1.2% |
4,300.8 |
4,129.1 |
4.2% |
New business |
1,134.4 |
1,134.7 |
–0.0% |
2,273.1 |
2,147.1 |
5.9% |
Service business |
1,016.4 |
991.6 |
2.5% |
2,027.8 |
1,982.0 |
2.3% |
– Aftersales |
531.4 |
515.3 |
3.1% |
1,071.4 |
1,036.8 |
3.3% |
– Rental business |
296.1 |
285.7 |
3.6% |
588.9 |
570.2 |
3.3% |
– Used trucks |
118.9 |
116.5 |
2.1% |
238.6 |
235.1 |
1.5% |
– Other |
70.1 |
74.2 |
–5.5% |
128.8 |
139.8 |
–7.9% |
Supply Chain Solutions |
725.4 |
709.8 |
2.2% |
1,433.7 |
1,487.6 |
–3.6% |
Business solutions |
437.3 |
450.1 |
–2.9% |
868.2 |
982.2 |
–11.6% |
Service business |
288.1 |
259.7 |
11.0% |
565.4 |
505.4 |
11.9% |
Corporate Services |
0.9 |
0.3 |
> 100% |
1.7 |
0.7 |
> 100% |
|
|
|
|
|
|
|
Total revenue |
2,877.1 |
2,836.4 |
1.4% |
5,736.2 |
5,617.4 |
2.1% |
Revenue by sales region
In the Industrial Trucks & Services segment, the biggest contribution by far to revenue growth in the first half of 2024 came from the main sales region, EMEA. There was a small rise in revenue in the APAC region, whereas revenue in the Americas region was significantly below the level of the prior-year period.
In the Supply Chain Solutions segment, revenue generated from external customers in the core North America market and in the EMEA region saw a moderate overall decline because of the low order intake in the project business during preceding quarters. In the APAC region, initial project delays resulted in a sharp fall in revenue compared with the first half of 2023.
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
|---|---|---|---|---|---|---|
EMEA |
1,945.8 |
1,883.3 |
3.3% |
3,897.3 |
3,694.3 |
5.5% |
Western Europe |
1,702.1 |
1,649.3 |
3.2% |
3,438.1 |
3,215.5 |
6.9% |
Eastern Europe |
203.4 |
206.9 |
–1.7% |
392.2 |
414.8 |
–5.5% |
Middle East and Africa |
40.4 |
27.1 |
48.7% |
67.0 |
64.0 |
4.7% |
Americas |
609.9 |
632.7 |
–3.6% |
1,229.5 |
1,315.0 |
–6.5% |
North America |
547.6 |
549.5 |
–0.3% |
1,094.6 |
1,154.7 |
–5.2% |
Central and South America |
62.3 |
83.2 |
–25.1% |
134.9 |
160.4 |
–15.9% |
APAC |
321.3 |
320.4 |
0.3% |
609.4 |
608.1 |
0.2% |
China |
180.5 |
190.8 |
–5.4% |
342.8 |
349.5 |
–1.9% |
APAC excluding China |
140.9 |
129.7 |
8.6% |
266.6 |
258.6 |
3.1% |
Total revenue |
2,877.1 |
2,836.4 |
1.4% |
5,736.2 |
5,617.4 |
2.1% |