Segment report

The KPIs used to manage the Industrial Trucks & Services and Intelligent Automation 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 2026 and Q1 2025.

Segment information Q1 2026

in € million

Industrial Trucks & Services

Intelligent Automation Solutions

Corporate Services

Consolidation

Total

Revenue from external customers

2,008.1

763.1

0.1

–

2,771.4

Intersegment revenue

3.4

5.0

76.2

−84.6

–

Total revenue

2,011.5

768.1

76.3

−84.6

2,771.4

Cost of sales

−1,445.3

−620.1

−73.6

84.6

−2,054.4

Earnings before tax

140.5

19.7

−18.8

−0.2

141.1

Net financial expenses/income

−34.9

−6.2

5.3

–

−35.8

EBIT

175.4

25.9

−24.1

−0.2

176.9

+ Non-recurring items

6.2

0.5

0.4

–

7.1

+ PPA items

1.3

19.8

–

21.2

= Adjusted EBIT

182.9

46.2

−23.7

−0.2

205.2

Segment assets

14,964.8

5,245.5

5,045.2

−6,261.3

18,994.3

Segment liabilities

12,714.1

2,761.9

3,510.3

−6,266.5

12,719.9

Capital expenditure¹

33.1

22.0

7.8

–

62.9

Amortization and depreciation²

54.0

17.2

6.7

–

77.9

Order intake

2,041.1

951.2

76.3

−83.1

2,985.4

Order book

2,249.1

2,916.9

–

−27.1

5,138.9

Number of employees³

30,404

10,220

1,350

–

41,974

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, 2026; allocation according to the contractual relationships

Segment information Q1 2025

in € million

Industrial Trucks & Services

Intelligent Automation 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 sales¹

−1,588.5

−543.7

−71.2

88.1

−2,115.2

Earnings before tax²

−24.7

9.8

−43.3

−0.9

−59.1

Net financial expenses/income²

−38.0

−3.2

3.9

–

−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 assets²

14,509.2

5,379.4

4,918.1

−5,951.4

18,855.4

Segment liabilities²

12,412.7

2,696.0

3,597.4

−5,956.1

12,750.0

Capital expenditure³

47.0

28.2

10.2

–

85.4

Amortization and depreciation⁴

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 employees⁵

31,216

9,833

1,469

–

42,518

1	The criteria for the allocation of costs to functional areas were revised with effect from Jan. 1, 2026. The figures for the prior-year period have been restated accordingly in order to provide better comparability
2	The prior-year figures for the Industrial Trucks & Services segment, Corporate Services and the consolidation column were adjusted following a change in segment allocation effective Jan. 1, 2026
3	Capital expenditure in property, plant and equipment and intangible assets, including capitalized development costs
4	On intangible assets and property, plant and equipment (excluding right-of-use assets and PPA items)
5	Number of employees (full-time equivalents; incl. apprentices; excl. inactive employees) as at Mar. 31, 2025; allocation according to the contractual relationships

Frankfurt am Main, April 28, 2026

The Executive Board