2026
2025
2024

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 the second quarter of 2026 and 2025 and for the first half of 2026 and 2025.

Segment information Q2 2026

Segment information Q2 2026

in € million

Industrial Trucks & Services

Intelligent Automation Solutions

Corporate Services

Consoli­dation

Total

Revenue from external customers

2,064.3

851.5

0.1

–

2,915.9

Intersegment revenue

3.4

9.6

75.4

−88.4

–

Total revenue

2,067.7

861.1

75.6

−88.4

2,915.9

Cost of sales

−1,509.2

−696.9

−75.7

88.4

−2,193.4

Earnings before tax

153.6

35.7

−13.3

0.2

176.2

Net financial expenses/income

−34.4

−5.6

6.5

–

−33.5

EBIT

188.0

41.3

−19.8

0.2

209.7

+ Non-recurring items

−6.7

−1.0

1.5

–

−6.2

+ PPA items

1.3

19.6

–

–

20.9

= Adjusted EBIT

182.7

59.8

−18.4

0.2

224.4

Capital expenditure1

51.5

27.9

11.2

–

90.6

Amortization and depreciation2

53.5

17.6

6.3

–

77.4

Order intake

1,941.4

873.3

75.6

−81.7

2,808.6

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)

Segment information Q2 2025

Segment information Q2 2025

in € million

Industrial Trucks & Services

Intelligent Automation Solutions

Corporate Services

Consoli­dation

Total

Revenue from external customers

2,015.7

692.3

0.3

–

2,708.2

Intersegment revenue

3.8

5.8

75.5

−85.2

–

Total revenue

2,019.5

698.1

75.8

−85.2

2,708.2

Cost of sales1

−1,487.4

−539.4

−73.3

85.1

−2,015.0

Earnings before tax2

129.0

24.8

−17.8

−5.0

131.0

Net financial expenses/income2

−40.2

−4.3

6.4

–

−38.1

EBIT2

169.2

29.1

−24.2

−5.0

169.1

+ Non-recurring items

3.2

−7.2

3.3

–

−0.7

+ PPA items

0.9

20.2

–

–

21.1

= Adjusted EBIT2

173.4

42.0

−20.9

−5.0

189.5

Capital expenditure3

54.6

23.5

9.7

–

87.7

Amortization and depreciation4

51.4

10.5

6.3

–

68.2

Order intake

2,070.2

1,445.4

75.8

−91.5

3,499.9

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)

Segment information Q1 – Q2 2026

Segment information Q1 – Q2 2026

in € million

Industrial Trucks & Services

Intelligent Automation Solutions

Corporate Services

Consoli­dation

Total

Revenue from external customers

4,072.4

1,614.6

0.3

–

5,687.3

Intersegment revenue

6.7

14.6

151.6

−172.9

–

Total revenue

4,079.2

1,629.2

151.9

−172.9

5,687.3

Cost of sales

−2,954.5

−1,317.0

−149.3

172.9

−4,247.8

Earnings before tax

294.1

55.4

−32.1

0.0

317.4

Net financial expenses/income

−69.3

−11.8

11.8

–

−69.3

EBIT

363.4

67.2

−43.9

0.0

386.6

+ Non-recurring items

−0.4

−0.6

1.9

–

0.9

+ PPA items

2.7

39.4

–

–

42.0

= Adjusted EBIT

365.6

106.0

−42.1

0.0

429.6

Segment assets

15,212.9

5,310.4

4,845.1

−6,384.9

18,983.4

Segment liabilities

12,796.0

2,783.4

3,411.8

−6,386.2

12,604.9

Capital expenditure1

84.6

49.9

19.0

–

153.5

Amortization and depreciation2

107.5

34.8

13.0

–

155.3

Order intake

3,982.5

1,824.5

151.9

−164.8

5,794.1

Order book

2,136.5

2,953.5

–

−20.4

5,069.6

Number of employees3

30,549

10,523

1,331

–

42,403

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 Jun. 30, 2026; allocation according to the contractual relationships

Segment information Q1 – Q2 2025

Segment information Q1 – Q2 2025

in € million

Industrial Trucks & Services

Intelligent Automation Solutions

Corporate Services

Consoli­dation

Total

Revenue from external customers

4,125.9

1,369.9

0.6

–

5,496.3

Intersegment revenue

9.3

15.9

149.1

−174.4

–

Total revenue

4,135.2

1,385.8

149.7

−174.4

5,496.3

Cost of sales1

−3,075.9

−1,083.1

−144.5

173.2

−4,130.2

Earnings before tax2

104.3

34.6

−61.1

−5.9

71.8

Net financial expenses/income2

−78.3

−7.5

10.4

–

−75.4

EBIT2

182.6

42.1

−71.5

−5.9

147.2

+ Non-recurring items

174.5

−6.0

25.2

–

193.7

+ PPA items

1.8

42.3

–

–

44.1

= Adjusted EBIT2

358.9

78.4

−46.3

−5.9

385.0

Segment assets2

14,488.7

5,156.6

4,720.2

−5,934.0

18,431.4

Segment liabilities2

12,329.2

2,637.7

3,516.9

−5,938.4

12,545.4

Capital expenditure3

101.6

51.7

19.9

–

173.2

Amortization and depreciation4

100.8

22.5

12.8

–

136.1

Order intake

4,028.2

2,201.2

149.7

−173.0

6,206.1

Order book

2,051.6

2,944.4

–

−33.3

4,962.7

Number of employees5

30,964

9,780

1,443

–

42,187

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 Jun. 30, 2025; allocation according to the contractual relationships

In the first six months of 2026, revenue of €646.8 million (H1 2025: €416.8 million) was generated from one single external customer and predominantly in the Intelligent Automation Solutions segment.

In the first half of 2025, the non-recurring items in the Industrial Trucks & Services segment and in Corporate Services had chiefly related to expenses of €196.7 million in connection with the efficiency program initiated at the start of February 2025.

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