Revenue
At €2,771.4 million, consolidated revenue in the first three months of 2026 remained virtually at the same level as last year (€2,788.1 million).
Revenue generated from external customers in the Industrial Trucks & Services segment declined by 4.8 percent to €2,008.1 million compared with the first quarter of the prior year (Q1 2025: €2,110.2 million). This was primarily attributable to the lower revenue from new business as a result of the declining order book in the previous year. Revenue in the service business was down slightly compared with the first three months of last year.
The Intelligent Automation Solutions segment saw its revenue generated from external customers rise significantly, up by 12.6 percent to €763.1 million (Q1 2025: €677.6 million). It benefited from revenue growth in the project business (Business Solutions) following an improvement in the level of orders on hand. Revenue in the service business, by contrast, was markedly below the high level of the first quarter of 2025.
The proportion of consolidated revenue attributable to the service business decreased to 47.7 percent (Q1 2025: 49.0 percent).
in € million |
Q1 |
Q1 |
Change |
|---|---|---|---|
Industrial Trucks & Services |
2,008.1 |
2,110.2 |
−4.8% |
New business |
970.9 |
1,061.1 |
−8.5% |
Service business |
1,037.2 |
1,049.1 |
−1.1% |
– Aftersales |
561.6 |
546.5 |
2.8% |
– Rental business |
308.0 |
299.7 |
2.8% |
– Used trucks |
109.5 |
133.0 |
−17.7% |
– Other |
58.1 |
69.8 |
−16.8% |
Intelligent Automation Solutions |
763.1 |
677.6 |
12.6% |
Business solutions |
477.1 |
360.1 |
32.5% |
Service business |
286.0 |
317.5 |
−9.9% |
Corporate Services |
0.1 |
0.3 |
−60.7% |
|
|
|
|
Total revenue |
2,771.4 |
2,788.1 |
−0.6% |