Selected notes to the consolidated income statement

Revenue

The following tables show revenue from contracts with customers, broken down by sales region, product category, timing of revenue recognition, and segment.

Disaggregation of revenue with third parties

 

Q2 2024

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Total

Thereof IFRS 151

EMEA

1,781.5

163.4

0.9

1,945.8

1,400.3

Western Europe

1,551.8

149.4

0.9

1,702.1

1,216.0

Eastern Europe

197.7

5.7

–

203.4

144.0

Middle East and Africa

32.0

8.4

–

40.4

40.3

Americas

138.2

471.7

–

609.9

604.6

North America

80.1

467.6

–

547.6

547.4

Central and South America

58.1

4.2

–

62.3

57.2

APAC

231.1

90.2

–

321.3

272.3

China

154.4

26.1

–

180.5

158.4

APAC excluding China

76.7

64.1

–

140.9

113.9

Total revenue

2,150.8

725.4

0.9

2,877.1

2,277.2

 

 

 

 

 

 

New business

1,134.4

–

–

1,134.4

830.6

Service business

1,016.4

–

–

1,016.4

720.3

– Aftersales

531.4

–

–

531.4

531.4

– Rental business

296.1

–

–

296.1

–

– Used trucks

118.9

–

–

118.9

118.9

– Other

70.1

–

–

70.1

70.0

Business solutions

–

437.3

–

437.3

437.2

Service business

–

288.1

–

288.1

288.1

Corporate Services

–

–

0.9

0.9

0.9

Total revenue

2,150.8

725.4

0.9

2,877.1

2,277.1

 

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

 

Products and services transferred at a point in time

1,679.4

117.9

–

1,797.3

1,493.5

Products and services transferred over a period of time

471.4

607.5

0.9

1,079.8

783.7

1

Excluding revenue from the Industrial Trucks & Services segment’s leasing and short-term rental business, as these are subject to the provisions of IFRS 16
Disaggregation of revenue with third parties

 

Q2 2023

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Total

Thereof IFRS 151

EMEA

1,721.1

161.9

0.3

1,883.3

1,409.4

Western Europe

1,511.2

137.9

0.3

1,649.3

1,224.6

Eastern Europe

187.2

19.6

–

206.9

157.9

Middle East and Africa

22.7

4.4

–

27.1

27.0

Americas

174.0

458.7

–

632.7

627.2

North America

94.0

455.5

–

549.5

549.3

Central and South America

80.0

3.2

–

83.2

78.0

APAC

231.2

89.2

0.0

320.4

280.7

China

163.7

27.1

–

190.8

168.2

APAC excluding China

67.5

62.1

0.0

129.7

112.5

Total revenue

2,126.3

709.8

0.3

2,836.4

2,317.4

 

 

 

 

 

 

New business

1,134.7

–

–

1,134.7

904.2

Service business

991.6

–

–

991.6

703.1

– Aftersales

515.3

–

–

515.3

515.3

– Rental business

285.7

–

–

285.7

–

– Used trucks

116.5

–

–

116.5

116.5

– Other

74.2

–

–

74.2

71.4

Business solutions

–

450.1

–

450.1

450.1

Service business

–

259.7

–

259.7

259.7

Corporate Services

–

–

0.3

0.3

0.3

Total revenue

2,126.3

709.8

0.3

2,836.4

2,317.4

 

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

 

Products and services transferred at a point in time

1,675.7

115.6

–

1,791.2

1,557.9

Products and services transferred over a period of time

450.6

594.2

0.3

1,045.2

759.5

1

Excluding revenue from the Industrial Trucks & Services segment’s leasing and short-term rental business, as these are subject to the provisions of IFRS 16
Disaggregation of revenue with third parties

 

Q1 – Q2 2024

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Total

Thereof IFRS 151

EMEA

3,576.3

319.4

1.7

3,897.3

2,827.7

Western Europe

3,134.6

301.9

1.7

3,438.1

2,485.1

Eastern Europe

386.2

6.0

–

392.2

275.8

Middle East and Africa

55.5

11.5

–

67.0

66.8

Americas

276.3

953.1

–

1,229.5

1,218.1

North America

150.2

944.4

–

1,094.6

1,094.0

Central and South America

126.1

8.7

–

134.9

124.1

APAC

448.2

161.2

–

609.4

521.3

China

300.7

42.1

–

342.8

299.7

APAC excluding China

147.6

119.1

–

266.6

221.6

Total revenue

4,300.8

1,433.7

1.7

5,736.2

4,567.1

 

 

 

 

 

 

New business

2,273.1

–

–

2,273.1

1,692.9

Service business

2,027.8

–

–

2,027.8

1,438.8

– Aftersales

1,071.4

–

–

1,071.4

1,071.4

– Rental business

588.9

–

–

588.9

–

– Used trucks

238.6

–

–

238.6

238.6

– Other

128.8

–

–

128.8

128.8

Business solutions

–

868.2

–

868.2

868.2

Service business

–

565.4

–

565.4

565.4

Corporate Services

–

–

1.7

1.7

1.7

Total revenue

4,300.8

1,433.7

1.7

5,736.2

4,567.0

 

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

 

Products and services transferred at a point in time

3,362.1

229.2

–

3,591.3

3,011.1

Products and services transferred over a period of time

938.7

1,204.5

1.7

2,144.9

1,556.0

1

Excluding revenue from the Industrial Trucks & Services segment’s leasing and short-term rental business, as these are subject to the provisions of IFRS 16
Disaggregation of revenue with third parties

 

Q1 – Q2 2023

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Total

Thereof IFRS 151

EMEA

3,361.3

332.3

0.7

3,694.3

2,774.9

Western Europe

2,935.1

279.6

0.7

3,215.5

2,394.6

Eastern Europe

374.6

40.2

–

414.8

316.7

Middle East and Africa

51.6

12.4

–

64.0

63.6

Americas

338.3

976.8

–

1,315.0

1,304.9

North America

186.9

967.8

–

1,154.7

1,154.4

Central and South America

151.4

9.0

–

160.4

150.5

APAC

429.6

178.5

0.0

608.1

526.9

China

301.2

48.3

–

349.5

304.5

APAC excluding China

128.4

130.2

0.0

258.6

222.4

Total revenue

4,129.1

1,487.6

0.7

5,617.4

4,606.7

 

 

 

 

 

 

New business

2,147.1

–

–

2,147.1

1,710.8

Service business

1,982.0

–

–

1,982.0

1,407.5

– Aftersales

1,036.8

–

–

1,036.8

1,036.8

– Rental business

570.2

–

–

570.2

–

– Used trucks

235.1

–

–

235.1

235.1

– Other

139.8

–

–

139.8

135.6

Business solutions

–

982.2

–

982.2

982.2

Service business

–

505.4

–

505.4

505.4

Corporate Services

–

–

0.7

0.7

0.7

Total revenue

4,129.1

1,487.6

0.7

5,617.4

4,606.7

 

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

 

Products and services transferred at a point in time

3,231.7

226.3

–

3,458.1

3,017.5

Products and services transferred over a period of time

897.4

1,261.3

0.7

2,159.4

1,589.2

1

Excluding revenue from the Industrial Trucks & Services segment’s leasing and short-term rental business, as these are subject to the provisions of IFRS 16

Net financial expenses

Net financial expenses, representing the balance of financial income and financial expenses, increased by €8.0 million to €84.5 million in the first six months of 2024 (H1 2023: €76.5 million).

Of this amount, €31.3 million (H1 2023: €31.9 million) was attributable to interest expense on loan liabilities, promissory notes, bonds and under the commercial paper program.

Interest income from the lease business totaling €64.8 million (H1 2023: €46.6 million) related to the interest portion of lease payments in which KION Group entities operate as lessors (in the case of leases classified as finance leases). Leases agreed by the KION Group with end customers are usually based on fixed interest rates. Interest expense from the lease and short-term rental business amounting to €110.5 million (H1 2023: €68.6 million) arose predominantly from variable-rate liabilities used to finance the lease and short-term rental business. Gains totaling €23.9 million were realized in the reporting period on interest-rate derivatives used for hedging purposes (H1 2023: €16.5 million). In addition, changes in the fair value of derivatives without a hedge relationship and income/expense from fair value hedges made a positive contribution to net financial expenses totaling €3.9 million (H1 2023: €1.1 million).

Interest expense on procurement leases amounted to €13.3 million (H1 2023: €10.0 million).

The net loss in respect of the retirement benefit obligation and similar obligations amounted to €10.9 million in the first six months of this year (H1 2023: net loss of €12.2 million).

Exchange differences had an aggregate adverse impact on net financial expenses of €8.0 million (H1 2023: €13.0 million).

Income taxes

Income taxes for the current reporting period are recognized on the basis of the expected income tax rate for the full year.

Related Links
Services