Revenue
Consolidated revenue went up by 3.9 percent to €8,522.0 million in the first nine months of 2026 (Q1–Q3 2025: €8,200.4 million). The increase in revenue stemmed from the strong growth of the Intelligent Automation Solutions segment, whereas the Industrial Trucks & Services segment saw a slight year-on-year decline.
In the Industrial Trucks & Services segment, revenue generated from external customers decreased by 0.7 percent to €6,023.3 million (Q1–Q3 2025: €6,066.5 million) owing to the reduction in order intake for new business. Conversely, revenue in the service business was up slightly overall.
In the Intelligent Automation Solutions segment, revenue generated from external customers rose strongly by 17.1 percent to €2,498.3 million (Q1–Q3 2025: €2,133.0 million). This was primarily driven by the sharp growth of the project business (business solutions) thanks to a continued healthy level of orders on hand. Revenue in the service business was close to the high level of the prior-year period.
The proportion of consolidated revenue attributable to the service business decreased to 48.2 percent overall (Q1–Q3 2025: 49.5 percent). This was mainly due to disproportionately strong revenue growth in the project business of the Intelligent Automation Solutions segment.
in € million |
|
Q3 |
|
Q3 |
|
Change |
|
Q1 – Q3 |
|
Q1 – Q3 |
|
Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Industrial Trucks & Services |
|
1,950.9 |
|
1,940.6 |
|
0.5% |
|
6,023.3 |
|
6,066.5 |
|
−0.7% |
New business |
|
885.2 |
|
913.2 |
|
−3.1% |
|
2,858.1 |
|
2,956.1 |
|
−3.3% |
Service business |
|
1,065.7 |
|
1,027.4 |
|
3.7% |
|
3,165.3 |
|
3,110.3 |
|
1.8% |
– Aftersales |
|
555.9 |
|
542.6 |
|
2.5% |
|
1,679.5 |
|
1,626.3 |
|
3.3% |
– Rental business |
|
325.4 |
|
307.4 |
|
5.9% |
|
948.2 |
|
909.2 |
|
4.3% |
– Used trucks |
|
118.9 |
|
116.1 |
|
2.4% |
|
347.2 |
|
368.5 |
|
−5.8% |
– Other |
|
65.5 |
|
61.3 |
|
6.8% |
|
190.3 |
|
206.4 |
|
−7.8% |
Intelligent Automation Solutions |
|
883.7 |
|
763.1 |
|
15.8% |
|
2,498.3 |
|
2,133.0 |
|
17.1% |
Business solutions |
|
537.2 |
|
441.8 |
|
21.6% |
|
1,554.7 |
|
1,187.8 |
|
30.9% |
Service business |
|
346.5 |
|
321.3 |
|
7.8% |
|
943.6 |
|
945.2 |
|
−0.2% |
Corporate Services |
|
0.0 |
|
0.3 |
|
−84.4% |
|
0.3 |
|
0.9 |
|
−65.9% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total revenue |
|
2,834.7 |
|
2,704.0 |
|
4.8% |
|
8,522.0 |
|
8,200.4 |
|
3.9% |