Revenue

The consolidated revenue of the KION Group increased by 37.0 per cent to €7,653.6 million (2016: €5,587.2 million). This significant rise in revenue was attributable to organic revenue growth in the Industrial Trucks & Services segment and to the inclusion of Dematic in the Supply Chain Solutions segment for the full reporting period. The proportion of consolidated revenue accounted for by services fell from 43.7 per cent in 2016 to 39.1 per cent in 2017 because customer orders in the project business routinely have a high value while the value of the service business is significantly lower. > TABLE 018

Revenue by customer location

In EMEA, an important sales region for the Industrial Trucks & Services segment, the KION Group’s revenue went up by around 17 per cent. The rise in western Europe was 16.2 per cent, with Germany, France, Italy and Spain seeing particularly large increases. On the whole, the KION Group kept pace with the growth of the industrial truck market and consolidated its leading position in this region. The significant double-digit revenue growth in the Asia-Pacific (APAC) region was primarily attributable to the strong expansion of the Chinese market, which particularly benefited the Industrial Trucks & Services segment. In the Americas region (North, Central and South America), market share in the new truck business increased – especially in North America. The sharp year-on-year rise in revenue in the Asia-Pacific and Americas sales regions was influenced by the inclusion of Dematic for the whole of 2017. Overall, 20.6 per cent of consolidated revenue was accounted for by growth markets in the reporting period (2016: 23.3 per cent). The majority of revenue –81.4 per cent – was generated outside Germany (2016: 76.4 per cent). > TABLE 019