Revenue
Consolidated revenue diminished moderately in the first three months of 2025 by 2.5 percent to €2,788.1 million (Q1 2024: €2,859.1 million).
Revenue generated from external customers in the Industrial Trucks & Services segment declined by 1.9 percent to €2,110.2 million (Q1 2024: €2,150.0 million). The decline in revenue from new business due to the normalization of the order book at a lower level was offset to a large extent by the solid growth in the service business.
In the Supply Chain Solutions segment, revenue generated from external customers decreased by 4.3 percent, from €708.3 million in the prior-year period to €677.6 million in the first three months of 2025. This was largely attributable to lower revenue from project business (business solutions) due to the weak level of orders in preceding quarters. By contrast, revenue in the service business (customer services) once again increased strongly year on year.
Overall, the proportion of consolidated revenue attributable to the service business increased to 49.0 percent (Q1 2024: 45.1 percent).
in € million |
Q1 |
Q1 |
Change |
|---|---|---|---|
Industrial Trucks & Services |
2,110.2 |
2,150.0 |
–1.9% |
New business |
1,061.1 |
1,138.7 |
–6.8% |
Service business |
1,049.1 |
1,011.3 |
3.7% |
– Aftersales |
546.5 |
540.0 |
1.2% |
– Rental business |
299.7 |
292.8 |
2.4% |
– Used trucks |
133.0 |
119.7 |
11.1% |
– Other |
69.8 |
58.8 |
18.8% |
Supply Chain Solutions |
677.6 |
708.3 |
–4.3% |
Business solutions |
360.1 |
431.0 |
–16.4% |
Service business |
317.5 |
277.3 |
14.5% |
Corporate Services |
0.3 |
0.8 |
–58.1% |
|
|
|
|
Total revenue |
2,788.1 |
2,859.1 |
–2.5% |