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 third quarter of 2024 and 2023 and for the first three quarters of 2024 and 2023.

Segment information Q3 2024

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

1,994.9

703.3

1.0

–

2,699.2

Intersegment revenue

3.8

6.5

71.8

–82.2

–

Total revenue

1,998.7

709.8

72.8

–82.2

2,699.2

Earnings before tax

158.2

–4.2

167.4

–190.8

130.6

Net financial expenses

–43.6

–8.1

–11.4

–

–63.1

EBIT

201.7

3.9

178.8

–190.8

193.7

+ Non-recurring items

0.5

2.9

0.9

–

4.2

+ PPA items

0.1

21.6

0.0

–

21.7

Adjusted EBIT

202.3

28.4

179.7

–190.8

219.6

Capital expenditure1

68.1

27.2

11.1

–

106.3

Amortization and depreciation2

49.5

12.9

6.2

–

68.6

Order intake

1,796.8

636.1

72.8

–78.5

2,427.3

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)
Segment information Q3 2023

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

2,020.2

709.4

0.2

–

2,729.9

Intersegment revenue

4.9

9.8

64.4

–79.1

–

Total revenue

2,025.1

719.3

64.6

–79.1

2,729.9

Earnings before tax

201.2

–16.9

81.0

–123.8

141.6

Net financial expenses

–29.5

–9.8

–16.0

–

–55.3

EBIT

230.7

–7.1

97.1

–123.8

196.9

+ Non-recurring items

3.6

0.9

–0.2

–

4.3

+ PPA items

0.4

22.0

0.0

–

22.4

= Adjusted EBIT

234.7

15.8

96.9

–123.8

223.6

Capital expenditure1

80.8

27.7

10.4

–

118.9

Amortization and depreciation2

45.0

12.9

4.9

–

62.8

Order intake3

1,756.6

892.2

64.6

–72.7

2,640.7

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

Prior-year figures for order intake have been adjusted for definition-related reasons in the SCS segment
Segment information Q1 – Q3 2024

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

6,295.7

2,137.0

2.6

–

8,435.3

Intersegment revenue

9.2

24.1

215.5

–248.8

–

Total revenue

6,305.0

2,161.1

218.1

–248.8

8,435.3

Earnings before tax

564.6

–24.5

72.8

–194.6

418.3

Net financial expenses

–83.7

–17.7

–46.2

–

–147.6

EBIT

648.3

–6.7

119.0

–194.6

565.9

+ Non-recurring items

1.7

11.7

–1.1

–

12.3

+ PPA items

22.9

65.6

–

–

88.5

= Adjusted EBIT

672.9

70.5

117.9

–194.6

666.7

Segment assets

14,148.0

5,405.9

2,703.8

–4,296.7

17,960.9

Segment liabilities

9,940.8

2,747.3

3,647.6

–4,299.7

12,036.0

Capital expenditure1

179.9

80.4

28.8

–

289.0

Amortization and depreciation2

122.8

37.6

17.0

–

177.4

Order intake

5,566.3

1,954.6

218.1

–233.1

7,505.9

Order book

2,321.1

2,541.7

–

–58.4

4,804.4

Number of employees3

31,109

9,924

1,457

–

42,490

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 Sep. 30, 2024; allocation according to the contractual relationships
Segment information Q1 – Q3 2023

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

6,149.3

2,197.0

0.9

–

8,347.3

Intersegment revenue

10.5

19.2

192.9

–222.6

–

Total revenue

6,159.8

2,216.3

193.9

–222.6

8,347.3

Earnings before tax

541.0

–68.1

19.1

–132.8

359.2

Net financial expenses

–65.3

–26.3

–40.2

–

–131.8

EBIT

606.2

–41.8

59.3

–132.8

490.9

+ Non-recurring items

3.5

6.2

1.2

–

10.8

+ PPA items

3.9

66.3

–

–

70.2

= Adjusted EBIT

613.6

30.7

60.5

–132.8

571.9

Segment assets1

13,071.3

5,808.1

2,464.5

–3,968.8

17,375.0

Segment liabilities1

8,855.4

2,930.2

3,712.6

–3,969.2

11,528.9

Capital expenditure2

174.5

75.1

32.0

–

281.6

Amortization and depreciation3

130.2

38.9

14.2

–

183.3

Order intake4

5,713.9

2,227.7

193.9

–221.9

7,913.6

Order book4

3,365.8

3,024.2

–

–69.5

6,320.5

Number of employees5

29,745

10,758

1,324

–

41,827

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 Sep. 30, 2023; allocation according to the contractual relationships

Frankfurt am Main, October 29, 2024

The Executive Board

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