42. Related party disclosures
In addition to its relationship with subsidiaries included in the consolidated financial statements, the KION Group has direct or indirect business relationships with a number of non-consolidated subsidiaries, associates and joint ventures, and other related parties in the course of its ordinary business activities. The related parties that are solely or jointly controlled by the KION Group or over which significant influence can be exercised are included in the list of shareholdings as at December 31, 2025 (see note [45]).
|
Receivables |
Sales of goods and services |
||||
|---|---|---|---|---|---|---|
in € million |
Dec. 31, 2025 |
Dec. 31, 2024 |
2025 |
2024 |
||
Non-consolidated subsidiaries |
21.0 |
14.2 |
22.7 |
19.0 |
||
Associates (equity-accounted)1 |
29.4 |
36.1 |
122.4 |
190.3 |
||
Joint ventures (equity-accounted) |
17.2 |
15.0 |
46.8 |
32.4 |
||
Other related parties1 |
5.0 |
8.7 |
12.9 |
34.8 |
||
Total |
72.6 |
74.0 |
204.7 |
276.5 |
||
|
||||||
The figures for associates and other related parties include transactions with Weichai Power Co., Ltd. and its affiliated companies; these comprise receivables of €11.8 million (December 31, 2024: €15.4 million) and sales of goods and services amounting to €10.1 million (2024: €27.9 million). The receivables from associates include a variable-rate loan that the KION Group has granted to LHY Powertrain GmbH & Co. KG (formerly: Linde Hydraulics GmbH & Co. KG), Aschaffenburg. This involved a maximum commitment of €9.3 million (December 31, 2024: €9.3 million), from which the KION Group had a loan receivable with a nominal amount of €7.0 million as at December 31, 2025 (December 31, 2024: €8.0 million).
The KION Group has also made a commitment to the joint venture Schwerter Profile GmbH, Schwerte, to provide a variable-rate shareholder loan with a maximum amount of €15.0 million (December 31, 2024: €10.0 million), from which the KION Group had a loan receivable with a nominal amount of €15.0 million as at December 31, 2025 (December 31, 2024: €8.8 million).
|
Liabilities |
Purchases of goods and services |
||||
|---|---|---|---|---|---|---|
in € million |
Dec. 31, 2025 |
Dec. 31, 2024 |
2025 |
2024 |
||
Non-consolidated subsidiaries |
13.8 |
13.3 |
38.3 |
37.9 |
||
Associates (equity-accounted)1 |
4.8 |
6.7 |
89.1 |
110.1 |
||
Joint ventures (equity-accounted) |
123.4 |
133.2 |
121.2 |
120.2 |
||
Other related parties1 |
5.1 |
2.2 |
18.1 |
0.6 |
||
Total |
147.1 |
155.4 |
266.8 |
268.7 |
||
|
||||||
The figures for associates and other related parties include transactions with Weichai Power Co., Ltd. and its affiliated companies; these comprise liabilities of €4.9 million (December 31, 2024: €5.9 million) and purchases of goods and services amounting to €100.2 million (2024: €100.7 million).
In addition, the distribution of a dividend of €0.82 per share for the 2024 financial year (2024: dividend for the 2023 financial year: €0.70 per share) to Weichai Power resulted in a pro rata outflow of funds from KION GROUP AG of €50.1 million in 2025 (2024: outflow of €42.7 million).
The members of the Executive Board and Supervisory Board of KION GROUP AG, and their family members, are also related parties. Further related parties are the members of the respective Boards of Directors of Weichai Power Co., Ltd., Weifang, People’s Republic of China (ultimate parent company of KION GROUP AG), Weichai Power (Hong Kong) International Development Co., Ltd., People’s Republic of China (intermediate holding company), and Weichai Power Holding S.à r.l., Luxembourg (direct parent company), and their family members. Details of the remuneration of the Executive Board and Supervisory Board of KION GROUP AG can be found in note [44].