Revenue
Consolidated revenue went up by a substantial 12.6 per cent to €4,364.1 million (H1 2018: €3,874.4 million). In the Industrial Trucks & Services segment, revenue generated from external customers rose by 11.7 per cent to €3,143.6 million (H1 2018: €2,814.9 million), mainly because of strong sales of new trucks. Thanks to the high level of orders on hand from 2018, revenue generated from external customers in the Supply Chain Solutions segment increased by a significant 15.5 per cent to €1,209.6 million (H1 2018: €1,047.6 million). Growth was also very encouraging in the segment’s service business, which advanced by 15.7 per cent to €282.5 million. Overall, the strong increase in new business during the reporting period meant that the share of consolidated revenue attributable to the service business stood at 40.8 per cent (H1 2018: 42.7 per cent). Currency effects had a small positive impact on consolidated revenue, increasing it by a total of €44.9 million. > TABLE 03
Revenue with third parties by product category |
03 |
|||||
in € million |
Q2 2019 |
Q2 2018 |
Change |
Q1 – Q2 2019 |
Q1 – Q2 2018 |
Change |
Industrial Trucks & Services |
1,635.8 |
1,447.2 |
13.0% |
3,143.6 |
2,814.9 |
11.7% |
New business |
881.8 |
729.1 |
20.9% |
1,647.6 |
1,404.2 |
17.3% |
Service business |
754.0 |
718.0 |
5.0% |
1,496.0 |
1,410.7 |
6.0% |
– Aftersales |
392.3 |
378.6 |
3.6% |
785.2 |
741.2 |
5.9% |
– Rental business |
231.2 |
221.6 |
4.3% |
458.4 |
434.1 |
5.6% |
– Used trucks |
95.3 |
80.7 |
18.1% |
176.5 |
159.4 |
10.7% |
– Other |
35.2 |
37.1 |
–5.2% |
75.9 |
75.9 |
0.0% |
Supply Chain Solutions |
641.2 |
577.8 |
11.0% |
1,209.6 |
1,047.6 |
15.5% |
Business solutions |
495.4 |
450.1 |
10.1% |
927.1 |
803.5 |
15.4% |
Service business |
145.7 |
127.7 |
14.1% |
282.5 |
244.1 |
15.7% |
Corporate Services |
3.8 |
6.2 |
–38.4% |
11.0 |
12.0 |
–8.4% |
Total revenue |
2,280.7 |
2,031.1 |
12.3% |
4,364.1 |
3,874.4 |
12.6% |
Revenue by sales region
A large part of the rise in revenue in the Industrial Trucks & Services segment was attributable to western and eastern Europe. Encouragingly, significant growth was also recorded in the Americas region (North, Central and South America) despite the downward trend in the market there. Revenue went up in all major sales regions in the Supply Chain Solutions segment, with Europe recording the biggest percentage rise. Fast-growing markets accounted for 19.4 per cent of the KION Group’s revenue in the reporting period (H1 2018: 19.7 per cent). A total of 80.6 per cent of revenue (H1 2018: 81.2 per cent) was generated outside Germany. > TABLE 04
Revenue with third parties by customer location |
04 |
|||||
in € million |
Q2 2019 |
Q2 2018 |
Change |
Q1 – Q2 2019 |
Q1 – Q2 2018 |
Change |
Western Europe |
1,349.0 |
1,160.3 |
16.3% |
2,580.3 |
2,267.0 |
13.8% |
Eastern Europe |
176.0 |
135.3 |
30.1% |
335.6 |
260.1 |
29.0% |
Middle East and Africa |
24.4 |
28.9 |
–15.7% |
46.8 |
57.4 |
–18.4% |
North America |
448.9 |
443.1 |
1.3% |
861.5 |
797.2 |
8.1% |
Central and South America |
56.2 |
43.3 |
29.8% |
103.6 |
77.8 |
33.2% |
Asia-Pacific |
226.2 |
220.2 |
2.7% |
436.4 |
414.8 |
5.2% |
Total revenue |
2,280.7 |
2,031.1 |
12.3% |
4,364.1 |
3,874.4 |
12.6% |