Segment report

The KPIs used to manage the Industrial Trucks & Services and Supply Chain Solutions 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 Q1 2025 and Q1 2024.

Segment information Q1 2025

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

2,110.2

677.6

0.3

–

2,788.1

Intersegment revenue

5.5

10.1

73.6

–89.2

–

Total revenue

2,115.6

687.7

74.0

–89.2

2,788.1

Cost of sales

–1,538.7

–547.2

–71.2

88.1

–2,069.0

Earnings before tax

–10.4

9.8

–57.6

–0.9

–59.1

Net financial expenses

–23.8

–3.2

–10.3

–

–37.3

EBIT

13.4

13.0

–47.3

–0.9

–21.8

+ Non-recurring items

171.3

1.2

21.8

–

194.3

+ PPA items

0.9

22.1

–

–

23.0

= Adjusted EBIT

185.5

36.4

–25.4

–0.9

195.5

Segment assets

14,486.8

5,379.4

3,069.4

–4,080.3

18,855.4

Segment liabilities

10,534.9

2,696.0

3,604.1

–4,085.0

12,750.0

Capital expenditure1

47.0

28.2

10.2

–

85.4

Amortization and depreciation2

49.4

12.0

6.5

–

67.9

Order intake

1,958.0

755.7

74.0

–81.4

2,706.2

Order book

2,081.6

2,375.0

–

–27.1

4,429.5

Number of employees3

31,216

9,833

1,469

–

42,518

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; incl. apprentices; excl. inactive employees) as at Mar. 31, 2025; allocation according to the contractual relationships

Segment information Q1 2024

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

2,150.0

708.3

0.8

–

2,859.1

Intersegment revenue

3.0

10.6

71.3

–85.0

–

Total revenue

2,153.1

718.9

72.1

–85.0

2,859.1

Cost of sales

–1,486.3

–596.9

–71.7

84.6

–2,070.4

Earnings before tax

217.7

–1.4

–46.0

–0.5

169.7

Net financial expenses

–19.9

–3.7

–17.7

–

–41.2

EBIT

237.5

2.2

–28.3

–0.5

210.9

+ Non-recurring items

2.0

–5.7

–2.5

–

–6.3

+ PPA items

0.2

21.9

–

–

22.1

= Adjusted EBIT

239.7

18.4

–30.9

–0.5

226.7

Segment assets

13,940.4

5,667.5

2,944.3

–4,829.7

17,722.6

Segment liabilities

9,829.7

2,936.0

3,844.1

–4,832.9

11,776.9

Capital expenditure1

52.2

26.4

9.2

–

87.7

Amortization and depreciation2

47.2

12.7

5.2

–

65.1

Order intake

1,804.0

641.6

72.1

–78.8

2,438.9

Order book

2,877.1

2,778.2

–

–67.7

5,587.6

Number of employees3

30,737

10,404

1,425

–

42,566

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; incl. apprentices; excl. inactive employees) as at Mar. 31, 2024; allocation according to the contractual relationships

Frankfurt am Main, April 29, 2025

The Executive Board

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