[8] Revenue

The following table contains the product categories identified as material to the KION Group’s financial performance and the timing of revenue recognition for each of these categories.

Timing of revenue recognition with third parties

Product category

Business model

Timing of revenue recognition

Industrial Trucks & Services

 

New business

Sale of industrial trucks

At a point in time

Direct and indirect lease business
(in both cases where classified as finance lease)

At a point in time

Service business

 

– Aftersales

Supply of spare parts

At a point in time

Individual orders for repairs and maintenance work

At a point in time

(Full) service contracts

Over a period of time

– Rental business

Direct and indirect lease business
(in both cases where classified as operating lease)

Over a period of time

Short-term rental business

Over a period of time

Fleet management

Over a period of time

– Used trucks

Sale of used industrial trucks

At a point in time

– Other

Various business models, currently categorized as not material to the financial performance of the KION Group in the ITS segment

Mainly at a point in time

Supply Chain Solutions

 

Business solutions

Project business

Over a period of time

Service business

Modernization work and upgrades

Over a period of time

Supply of spare parts

At a point in time

Service contracts

Over a period of time

Various business models, currently categorized as not material to the financial performance of the KION Group in the SCS segment

Mainly over a period of time

Corporate Services

 

 

Services

Mainly over a period of time

The following tables show revenue from contracts with customers, broken down by sales region, product category, timing of revenue recognition, and segment.

Disaggregation of revenue with third parties

 

2021

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate
Services

Total

EMEA

5,316.7

1,037.3

10.4

6,364.4

Western Europe

4,615.9

936.4

10.4

5,562.8

Eastern Europe

623.1

89.8

713.0

Middle East and Africa

77.7

11.0

88.7

Americas

357.7

2,393.7

0.0

2,751.4

North America

181.4

2,367.1

0.0

2,548.5

Central and South America

176.3

26.6

0.0

202.9

APAC

829.1

349.4

0.0

1,178.5

China

596.6

89.4

0.0

686.1

APAC excluding China

232.4

260.0

0.0

492.5

Total revenue

6,503.5

3,780.3

10.5

10,294.3

 

 

 

 

 

New business

3,104.7

 

 

3,104.7

Service business

3,398.8

 

 

3,398.8

– Aftersales

1,734.8

 

 

1,734.8

– Rental business

1,000.5

 

 

1,000.5

– Used trucks

412.7

 

 

412.7

– Other

250.8

 

 

250.8

Business solutions

 

3,006.7

 

3,006.7

Service business

 

773.7

 

773.7

Corporate Services

 

 

10.5

10.5

Total revenue

6,503.5

3,780.3

10.5

10,294.3

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

Products and services transferred at a point in time

4,927.0

322.2

5,249.1

Products and services transferred over a period of time

1,576.5

3,458.2

10.5

5,045.2

Disaggregation of revenue with third parties

 

20201

in € million

Industrial Trucks & Services

Supply Chain Solutions

Corporate
Services

Total

EMEA

4,776.3

777.0

9.5

5,562.9

Western Europe

4,160.7

737.4

9.5

4,907.7

Eastern Europe

547.3

29.1

576.5

Middle East and Africa

68.3

10.4

78.7

Americas

279.8

1,566.2

0.0

1,846.0

North America

130.0

1,557.6

0.0

1,687.6

Central and South America

149.8

8.6

0.0

158.4

APAC

656.4

276.2

0.0

932.7

China

455.7

70.5

0.0

526.1

APAC excluding China

200.8

205.8

0.0

406.6

Total revenue

5,712.6

2,619.4

9.6

8,341.6

 

 

 

 

 

New business

2,734.5

 

 

2,734.5

Service business

2,978.1

 

 

2,978.1

– Aftersales

1,523.2

 

 

1,523.2

– Rental business

911.1

 

 

911.1

– Used trucks

364.0

 

 

364.0

– Other

179.8

 

 

179.8

Business solutions

 

1,935.1

 

1,935.1

Service business

 

684.3

 

684.3

Corporate Services

 

 

9.6

9.6

Total revenue

5,712.6

2,619.4

9.6

8,341.6

 

 

 

 

 

Timing of revenue recognition

 

 

 

 

Products and services transferred at a point in time

4,277.8

293.5

4,571.3

Products and services transferred over a period of time

1,434.8

2,325.9

9.6

3,770.3

1

Effective January 1, 2021, the logistics service companies were transferred from the Corporate Services segment to the Industrial Trucks & Services segment. In addition, a definitional adjustment was made in the two product categories of the Supply Chain Solutions segment. The 2020 segment figures have been adjusted accordingly.

The table below shows the revenue that is expected as a result of performance obligations in existence at the reporting date. This consists only of revenue from contracts with customers as defined by IFRS 15. In the Supply Chain Solutions segment, this revenue is generated by the project and service business. In the Industrial Trucks & Services segment, it is generated through aftersales (full-)service contracts, each with an expected original term of more than one year.

Expected future revenue from existing performance obligations

in € million

2021

2020

Total of expected future revenue from existing performance obligations

4,625.7

4,260.2

due within one year

3,023.9

2,689.9

due in one to three years

1,299.2

1,115.2

due in more than three years

302.6

455.1