Segment report
The Executive Board, as the chief operating decision-maker (CODM), manages the KION Group on the basis of the following segments: Industrial Trucks & Services, Supply Chain Solutions and Corporate Services. Segment reporting therefore takes into account the organisational and strategic focus of the KION Group.
The KPIs used to manage the segments are order intake, revenue and adjusted EBIT. Segment reporting therefore includes a reconciliation of externally reported consolidated earnings before interest and tax (EBIT) – including effects from purchase price allocations and non-recurring items – to the adjusted EBIT for the segments (‘adjusted EBIT’).
> TABLES 18 to 21 show information on the KION Group’s operating segments for the third quarter of 2019 and 2018 and for the first nine months of 2019 and 2018.
Segment report Q3 2019
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
|||||||||
|
||||||||||||||
Revenue from external customers |
1,551.7 |
600.2 |
8.1 |
– |
2,160.0 |
|||||||||
Intersegment revenue |
1.1 |
0.4 |
85.6 |
–87.1 |
– |
|||||||||
Total revenue |
1,552.8 |
600.6 |
93.8 |
–87.1 |
2,160.0 |
|||||||||
Earnings before taxes |
157.6 |
36.9 |
–14.8 |
–10.2 |
169.4 |
|||||||||
Net financial expenses |
–11.8 |
–5.9 |
–7.7 |
– |
–25.4 |
|||||||||
EBIT |
169.4 |
42.7 |
–7.1 |
–10.2 |
194.9 |
|||||||||
+ Non-recurring items |
0.1 |
0.4 |
0.3 |
– |
0.8 |
|||||||||
+ PPA items |
0.2 |
21.2 |
0.0 |
– |
21.4 |
|||||||||
= Adjusted EBIT |
169.8 |
64.4 |
–6.9 |
–10.2 |
217.1 |
|||||||||
Capital expenditure1 |
58.9 |
11.5 |
4.4 |
– |
74.8 |
|||||||||
Amortisation and depreciation2 |
29.7 |
10.3 |
4.4 |
– |
44.3 |
|||||||||
Order intake |
1,493.8 |
838.6 |
93.8 |
–88.5 |
2,337.6 |
|||||||||
Segment report Q3 2018
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
|||||||||
|
||||||||||||||
Revenue from external customers |
1,417.1 |
472.3 |
6.5 |
– |
1,895.9 |
|||||||||
Intersegment revenue |
0.8 |
0.4 |
65.9 |
–67.1 |
– |
|||||||||
Total revenue |
1,417.9 |
472.7 |
72.4 |
–67.1 |
1,895.9 |
|||||||||
Earnings before taxes |
139.7 |
16.2 |
22.5 |
–37.0 |
141.4 |
|||||||||
Net financial expenses |
–16.5 |
–4.8 |
–5.9 |
– |
–27.2 |
|||||||||
EBIT |
156.2 |
20.9 |
28.4 |
–37.0 |
168.6 |
|||||||||
+ Non-recurring items |
1.0 |
0.1 |
0.1 |
– |
1.3 |
|||||||||
+ PPA items |
0.2 |
22.7 |
0.0 |
– |
22.9 |
|||||||||
= Adjusted EBIT |
157.4 |
43.8 |
28.5 |
–37.0 |
192.7 |
|||||||||
Capital expenditure1 |
46.6 |
11.1 |
2.5 |
– |
60.2 |
|||||||||
Amortisation and depreciation2 |
28.5 |
7.3 |
3.9 |
– |
39.7 |
|||||||||
Order intake |
1,454.8 |
598.5 |
72.4 |
–65.4 |
2,060.3 |
|||||||||
Segment report Q1 – Q3 2019
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
|||||||||||
|
||||||||||||||||
Revenue from external customers |
4,695.3 |
1,809.8 |
19.1 |
– |
6,524.2 |
|||||||||||
Intersegment revenue |
4.3 |
1.7 |
231.5 |
–237.5 |
– |
|||||||||||
Total revenue |
4,699.6 |
1,811.5 |
250.6 |
–237.5 |
6,524.2 |
|||||||||||
Earnings before taxes |
456.4 |
88.3 |
67.3 |
–133.7 |
478.2 |
|||||||||||
Net financial expenses |
–39.3 |
–18.3 |
–18.3 |
– |
–75.9 |
|||||||||||
EBIT |
495.7 |
106.6 |
85.6 |
–133.7 |
554.1 |
|||||||||||
+ Non-recurring items |
–0.0 |
5.0 |
0.4 |
– |
5.4 |
|||||||||||
+ PPA items |
0.6 |
64.6 |
0.0 |
– |
65.2 |
|||||||||||
= Adjusted EBIT |
496.3 |
176.2 |
86.0 |
–133.7 |
624.7 |
|||||||||||
Segment assets |
10,253.0 |
5,095.2 |
1,789.7 |
–3,357.9 |
13,780.1 |
|||||||||||
Segment liabilities |
7,338.1 |
2,108.4 |
4,294.0 |
–3,357.2 |
10,383.4 |
|||||||||||
Capital expenditure1 |
144.4 |
30.8 |
12.5 |
– |
187.8 |
|||||||||||
Amortisation and depreciation2 |
87.0 |
28.4 |
12.7 |
– |
128.0 |
|||||||||||
Order intake |
4,577.5 |
1,947.6 |
250.6 |
–241.2 |
6,534.5 |
|||||||||||
Number of employees3 |
26,150 |
7,202 |
1,086 |
– |
34,438 |
|||||||||||
Segment report Q1 – Q3 2018
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation / Reconciliation |
Total |
|||||||||||
|
||||||||||||||||
Revenue from external customers |
4,231.9 |
1,519.9 |
18.5 |
– |
5,770.3 |
|||||||||||
Intersegment revenue |
4.3 |
2.3 |
204.9 |
–211.5 |
– |
|||||||||||
Total revenue |
4,236.2 |
1,522.2 |
223.3 |
–211.5 |
5,770.3 |
|||||||||||
Earnings before taxes |
382.6 |
27.5 |
81.1 |
–135.7 |
355.4 |
|||||||||||
Net financial expenses |
–46.9 |
–14.7 |
–19.5 |
– |
–81.1 |
|||||||||||
EBIT |
429.5 |
42.2 |
100.6 |
–135.7 |
436.6 |
|||||||||||
+ Non-recurring items |
0.7 |
2.7 |
0.8 |
– |
4.3 |
|||||||||||
+ PPA items |
11.4 |
85.4 |
0.0 |
– |
96.8 |
|||||||||||
= Adjusted EBIT |
441.6 |
130.3 |
101.4 |
–135.7 |
537.6 |
|||||||||||
Segment assets |
9,256.4 |
4,846.9 |
1,678.3 |
–2,897.7 |
12,883.9 |
|||||||||||
Segment liabilities |
6,375.5 |
2,035.1 |
4,226.3 |
–2,905.5 |
9,731.4 |
|||||||||||
Capital expenditure1 |
124.5 |
33.4 |
6.2 |
– |
164.1 |
|||||||||||
Amortisation and depreciation2 |
84.4 |
20.7 |
11.6 |
– |
116.8 |
|||||||||||
Order intake |
4,486.4 |
1,868.9 |
223.3 |
–209.4 |
6,369.3 |
|||||||||||
Number of employees3 |
25,411 |
6,781 |
760 |
– |
32,952 |
|||||||||||
Material events after the reporting date
On 21 October 2019, the KION Group reduced the floating-rate long-term tranche that had been drawn down under the AFA by a further €200.0 million, leaving a remaining amount of €200.0 million. This tranche is due to mature in October 2021. This redemption was funded by utilising other financial liabilities with the same term to maturity.
Frankfurt am Main, 23 October 2019
The Executive Board