Revenue
Consolidated revenue rose by 3.5 percent to €5,687.3 million in the first six months of 2026 (H1 2025: €5,496.3 million).
In the Industrial Trucks & Services segment, revenue generated from external customers went down by 1.3 percent to €4,072.4 million (H1 2025: €4,125.9 million). This can be explained by the noticeable reduction in revenue from new business in the first quarter of 2026 as a result of the decline in the order book in the previous year; some of the fall in revenue had been recouped again by mid-2026. In this context, revenue was adversely affected by a change in the product mix: Despite a higher number of new trucks being delivered overall, there was a particularly strong increase in the proportion of entry-level warehouse trucks. Service business revenue held steady in the reporting period compared with the prior-year period.
The Intelligent Automation Solutions segment saw its revenue generated from external customers rise strongly by 17.9 percent to €1,614.6 million (H1 2025: €1,369.9 million), underpinned by the rapid growth of the project business (business solutions) following an improvement in the order situation. Revenue from the service business fell year on year in the first six months of 2026, primarily because of the high level reported in the first quarter of 2025.
The proportion of consolidated revenue attributable to the service business decreased to 47.4 percent overall (H1 2025: 49.2 percent).
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
|---|---|---|---|---|---|---|
Industrial Trucks & Services |
2,064.3 |
2,015.7 |
2.4% |
4,072.4 |
4,125.9 |
−1.3% |
New business |
1,002.0 |
981.8 |
2.1% |
1,972.9 |
2,042.9 |
−3.4% |
Service business |
1,062.3 |
1,033.9 |
2.8% |
2,099.6 |
2,083.0 |
0.8% |
– Aftersales |
562.1 |
537.2 |
4.6% |
1,123.7 |
1,083.7 |
3.7% |
– Rental business |
314.8 |
302.1 |
4.2% |
622.8 |
601.8 |
3.5% |
– Used trucks |
118.8 |
119.4 |
−0.5% |
228.4 |
252.4 |
−9.5% |
– Other |
66.7 |
75.2 |
−11.3% |
124.8 |
145.0 |
−14.0% |
Intelligent Automation Solutions |
851.5 |
692.3 |
23.0% |
1,614.6 |
1,369.9 |
17.9% |
Business solutions |
540.4 |
385.9 |
40.0% |
1,017.5 |
746.0 |
36.4% |
Service business |
311.1 |
306.4 |
1.5% |
597.1 |
623.9 |
−4.3% |
Corporate Services |
0.1 |
0.3 |
−51.1% |
0.3 |
0.6 |
−56.3% |
|
|
|
|
|
|
|
Total revenue |
2,915.9 |
2,708.2 |
7.7% |
5,687.3 |
5,496.3 |
3.5% |
Revenue by sales region
In the EMEA sales region (western Europe, eastern Europe, the Middle East, and Africa), consolidated revenue fell by 2.5 percent year on year owing to decreases in both segments. By contrast, revenue improved strongly in the Americas region (by 18.7 percent) thanks to the Intelligent Automation Solutions segment, which cemented its strong market position in North America with a significant increase in its revenue. KION also achieved revenue growth in the APAC region, with both segments contributing to the rise of 13.4 percent.
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
|---|---|---|---|---|---|---|
EMEA |
1,864.8 |
1,855.1 |
0.5% |
3,710.2 |
3,804.0 |
−2.5% |
Western Europe |
1,650.9 |
1,615.3 |
2.2% |
3,283.6 |
3,335.0 |
−1.5% |
Eastern Europe |
183.4 |
201.0 |
−8.8% |
364.2 |
391.3 |
−6.9% |
Middle East and Africa |
30.5 |
38.8 |
−21.3% |
62.4 |
77.8 |
−19.8% |
Americas |
701.4 |
545.2 |
28.7% |
1,301.2 |
1,096.4 |
18.7% |
North America |
625.3 |
468.3 |
33.5% |
1,163.1 |
951.0 |
22.3% |
Central and South America |
76.2 |
76.9 |
−1.0% |
138.1 |
145.4 |
−5.0% |
APAC |
349.7 |
308.0 |
13.5% |
675.9 |
595.9 |
13.4% |
China |
170.3 |
166.8 |
2.1% |
320.9 |
317.1 |
1.2% |
APAC excluding China |
179.3 |
141.2 |
27.0% |
355.1 |
278.8 |
27.4% |
Total revenue |
2,915.9 |
2,708.2 |
7.7% |
5,687.3 |
5,496.3 |
3.5% |