Revenue
Organic growth in the Industrial Trucks & Services segment and the inclusion of Dematic in the Supply Chain Solutions segment caused the KION Group’s consolidated revenue to rise by 47.5 per cent to €5,675.2 million (Q1 – Q3 2016: €3,847.7 million excluding Dematic). At 38.7 per cent, the share of consolidated revenue attributable to the service business was below the prior-year level because of the addition of project business (Q1 – Q3 2016: share of 45.2 per cent excluding Dematic).
Revenue with third parties in the Industrial Trucks & Services segment was up by 8.2 per cent year on year to €4,067.5 million (Q1 – Q3 2016: €3,759.6 million). The Supply Chain Solutions segment generated revenue of €1,590.2 million (Q1 – Q3 2016: €74.2 million excluding Dematic), representing 28.0 per cent of consolidated revenue. > TABLE 02
Revenue with third parties by product category |
02 |
|||||
in € million |
Q3 2017 |
Q3 2016 |
Change |
Q1 – Q3 2017 |
Q1 – Q3 2016 |
Change |
Industrial Trucks & Services |
1,328.3 |
1,251.3 |
6.1% |
4,067.5 |
3,759.6 |
8.2% |
New business |
712.4 |
676.0 |
5.4% |
2,238.6 |
2,046.6 |
9.4% |
Service business |
615.9 |
575.3 |
7.0% |
1,828.9 |
1,712.9 |
6.8% |
– Aftersales |
350.2 |
333.3 |
5.1% |
1,050.9 |
1,001.0 |
5.0% |
– Rental business |
155.3 |
142.7 |
8.8% |
454.3 |
410.9 |
10.6% |
– Used trucks |
74.8 |
67.4 |
11.1% |
221.0 |
212.0 |
4.3% |
– Other |
35.5 |
31.9 |
11.2% |
102.7 |
89.1 |
15.3% |
Supply Chain Solutions |
513.0 |
27.0 |
>100% |
1,590.2 |
74.2 |
>100% |
Business Solutions |
377.6 |
17.6 |
>100% |
1,220.2 |
47.5 |
>100% |
Service business |
135.3 |
9.4 |
>100% |
369.9 |
26.7 |
>100% |
Corporate Services |
6.2 |
4.9 |
25.4% |
17.5 |
13.9 |
26.2% |
Total revenue |
1,847.4 |
1,283.2 |
44.0% |
5,675.2 |
3,847.7 |
47.5% |
Revenue by customer location
The increase in revenue in EMEA, which remains the KION Group’s biggest sales region, was primarily driven by the Industrial Trucks & Services segment after it achieved significant increases in revenue in countries including Germany, France, Italy and Spain. In addition, Dematic’s contribution in the Supply Chain Solutions segment had an impact.
In APAC and the Americas, contributions from Dematic were the main reason for the growth in revenue, whereas the Industrial Trucks & Services segment in these regions benefited from strong market growth in China and also gained market share in North America.
For the KION Group as a whole, 20.4 per cent of revenue in the reporting period (Q1 – Q3 2016: 23.7 per cent) was accounted for by fast-growing markets. Overall, 81.9 per cent of revenue (Q1 – Q3 2016: 75.1 per cent) was generated outside Germany. > TABLE 03
Revenue with third parties by customer location |
03 |
|||||
in € million |
Q3 2017 |
Q3 2016 |
Change |
Q1 – Q3 2017 |
Q1 – Q3 2016 |
Change |
Western Europe |
1,075.7 |
942.2 |
14.2% |
3,378.4 |
2,860.8 |
18.1% |
Eastern Europe |
132.4 |
113.3 |
16.8% |
380.4 |
319.4 |
19.1% |
Middle East and Africa |
38.5 |
20.1 |
92.0% |
119.6 |
63.0 |
89.8% |
North America |
340.7 |
29.8 |
>100% |
991.3 |
95.0 |
>100% |
Central and South America |
41.7 |
39.5 |
5.6% |
120.6 |
108.6 |
11.0% |
Asia-Pacific |
218.5 |
138.3 |
58.0% |
684.9 |
400.9 |
70.8% |
Total revenue |
1,847.4 |
1,283.2 |
44.0% |
5,675.2 |
3,847.7 |
47.5% |