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 segments for the second quarter of 2024 and 2023 and for the first half of 2024 and 2023.
Segment information Q2 2024
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation |
Total |
||||
|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
2,150.8 |
725.4 |
0.9 |
– |
2,877.1 |
||||
Intersegment revenue |
2.4 |
7.0 |
72.3 |
–81.7 |
– |
||||
Total revenue |
2,153.2 |
732.4 |
73.2 |
–81.7 |
2,877.1 |
||||
Earnings before tax |
188.8 |
–18.8 |
–48.6 |
–3.3 |
118.0 |
||||
Net financial expenses |
–20.2 |
–6.0 |
–17.1 |
– |
–43.3 |
||||
EBIT |
209.0 |
–12.9 |
–31.5 |
–3.3 |
161.3 |
||||
+ Non-recurring items |
–0.7 |
14.5 |
0.5 |
– |
14.3 |
||||
+ PPA items |
22.7 |
22.0 |
0.0 |
– |
44.7 |
||||
= Adjusted EBIT |
231.0 |
23.7 |
–31.0 |
–3.3 |
220.3 |
||||
Capital expenditure1 |
59.7 |
26.8 |
8.5 |
– |
95.0 |
||||
Amortization and depreciation2 |
26.1 |
11.9 |
5.6 |
– |
43.6 |
||||
Order intake |
1,965.5 |
676.9 |
73.2 |
–75.9 |
2,639.8 |
||||
|
|||||||||
Segment information Q2 2023
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation |
Total |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
2,126.3 |
709.8 |
0.3 |
– |
2,836.4 |
||||||
Intersegment revenue |
3.6 |
4.7 |
69.2 |
–77.5 |
– |
||||||
Total revenue |
2,129.9 |
714.5 |
69.6 |
–77.5 |
2,836.4 |
||||||
Earnings before tax |
185.3 |
–30.2 |
–21.9 |
–9.3 |
123.9 |
||||||
Net financial expenses |
–16.7 |
–11.5 |
–12.6 |
– |
–40.8 |
||||||
EBIT |
202.0 |
–18.7 |
–9.3 |
–9.3 |
164.6 |
||||||
+ Non-recurring items |
–0.0 |
4.4 |
1.0 |
– |
5.3 |
||||||
+ PPA items |
0.3 |
22.0 |
0.0 |
– |
22.4 |
||||||
= Adjusted EBIT |
202.3 |
7.7 |
–8.4 |
–9.3 |
192.3 |
||||||
Capital expenditure1 |
52.7 |
24.8 |
9.9 |
– |
87.3 |
||||||
Amortization and depreciation2 |
44.6 |
12.9 |
4.8 |
– |
62.3 |
||||||
Order intake3 |
2,000.8 |
881.1 |
69.6 |
–79.8 |
2,871.6 |
||||||
|
|||||||||||
Segment information Q1 – Q2 2024
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation |
Total |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
4,300.8 |
1,433.7 |
1.7 |
– |
5,736.2 |
||||||
Intersegment revenue |
5.4 |
17.6 |
143.6 |
–166.6 |
– |
||||||
Total revenue |
4,306.3 |
1,451.3 |
145.3 |
–166.6 |
5,736.2 |
||||||
Earnings before tax |
406.5 |
–20.3 |
–94.6 |
–3.8 |
287.7 |
||||||
Net financial expenses |
–40.1 |
–9.6 |
–34.8 |
– |
–84.5 |
||||||
EBIT |
446.5 |
–10.7 |
–59.9 |
–3.8 |
372.2 |
||||||
+ Non-recurring items |
1.2 |
8.8 |
–2.0 |
– |
8.1 |
||||||
+ PPA items |
22.9 |
43.9 |
– |
– |
66.8 |
||||||
= Adjusted EBIT |
470.7 |
42.1 |
–61.8 |
–3.8 |
447.0 |
||||||
Segment assets |
13,915.6 |
5,492.0 |
2,443.2 |
–3,960.6 |
17,890.2 |
||||||
Segment liabilities |
9,617.8 |
2,760.7 |
3,513.4 |
–3,961.6 |
11,930.3 |
||||||
Capital expenditure1 |
111.9 |
53.2 |
17.6 |
– |
182.7 |
||||||
Amortization and depreciation2 |
73.3 |
24.6 |
10.8 |
– |
108.7 |
||||||
Order intake |
3,769.5 |
1,318.5 |
145.3 |
–154.7 |
5,078.7 |
||||||
Order book |
2,602.4 |
2,731.9 |
– |
–62.2 |
5,272.2 |
||||||
Number of employees3 |
30,820 |
10,045 |
1,438 |
– |
42,303 |
||||||
|
|||||||||||
Segment information Q1 – Q2 2023
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation |
Total |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
4,129.1 |
1,487.6 |
0.7 |
– |
5,617.4 |
||||||||||
Intersegment revenue |
5.6 |
9.4 |
128.5 |
–143.5 |
– |
||||||||||
Total revenue |
4,134.7 |
1,497.0 |
129.2 |
–143.5 |
5,617.4 |
||||||||||
Earnings before tax |
339.8 |
–51.2 |
–62.0 |
–9.0 |
217.6 |
||||||||||
Net financial expenses |
–35.8 |
–16.5 |
–24.2 |
– |
–76.5 |
||||||||||
EBIT |
375.6 |
–34.7 |
–37.8 |
–9.0 |
294.1 |
||||||||||
+ Non-recurring items |
–0.2 |
5.2 |
1.4 |
– |
6.5 |
||||||||||
+ PPA items |
3.5 |
44.3 |
– |
– |
47.7 |
||||||||||
= Adjusted EBIT |
378.9 |
14.8 |
–36.4 |
–9.0 |
348.3 |
||||||||||
Segment assets1 |
12,767.7 |
5,740.0 |
2,375.8 |
–3,798.9 |
17,084.6 |
||||||||||
Segment liabilities1 |
8,714.8 |
2,903.2 |
3,601.1 |
–3,798.8 |
11,420.3 |
||||||||||
Capital expenditure2 |
93.7 |
47.4 |
21.6 |
– |
162.7 |
||||||||||
Amortization and depreciation3 |
85.2 |
26.0 |
9.3 |
– |
120.5 |
||||||||||
Order intake4 |
3,957.3 |
1,335.5 |
129.2 |
–149.2 |
5,272.8 |
||||||||||
Order book4 |
3,603.7 |
2,823.2 |
– |
–75.9 |
6,351.0 |
||||||||||
Number of employees5 |
29,092 |
10,862 |
1,282 |
– |
41,236 |
||||||||||
|
|||||||||||||||
The non-recurring items in the first six months of 2024, which amounted to a total expense of €8.1 million, were mainly attributable to the Supply Chain Solutions segment and primarily included the costs of €14.8 million (including interest and consultancy costs) incurred in connection with the ending of a long-running legal dispute related to the acquisition of a group of companies in 2015 by the former Dematic Group. The overall expense for non-recurring items was reduced by income from the reversal of provisions for adjustments to personnel capacity.