Revenue

Thanks to continuous growth in the new trucks, aftersales, used trucks and rental businesses, the KION Group increased its revenue by 5.9 per cent to €2,564.5 million (H1 2015: €2,420.8 million). Egemin Automation (including Retrotech) contributed an additional €47.3 million to revenue, but this was more than offset by negative currency effects of €53.4 million at Group level.

Revenue from new truck business went up by 4.1 per cent to €1,370.7 million, compared with €1,317.0 million in the first half of 2015. Electric forklift trucks registered a sharp year-on-year increase. There was slight growth for IC trucks, while revenue from warehouse trucks was around the same level as in the prior-year period.

Contributions from all areas of the service business resulted in an 8.2 per cent increase in revenue to €1,193.8 million (H1 2015: €1,103.7 million). The biggest percentage gain was generated by the used truck business. There was also an increase as a result of the acquisition of Egemin Automation (including Retrotech), which is reported in the ‘other’ product category. Overall, the service business contributed 46.6 per cent of the KION Group’s total revenue in the first six months (H1 2015: 45.6 per cent). > TABLE 03

The rise in revenue was predominantly the result of growth in western and eastern Europe. The slight increase in the Americas was largely accounted for by North America, while Brazil saw a further decline. Asia was also unable to match the level of revenue generated in the first half of 2015, registering a decrease of 9.3 per cent. Overall, the growth markets accounted for 22.6 per cent of consolidated revenue in the first six months (H1 2015: 25.1 per cent). The proportion generated outside Germany came to 74.7 per cent (H1 2015: 75.4 per cent). > TABLE 04