Financial markets

In the reporting year, the KION Group billed 54.3 percent (2020: 50.2 percent) of its revenue in foreign currencies, the most important of which in addition to the US dollar were the Chinese renminbi and pound sterling. On average, the euro appreciated against the US dollar in 2021 (up by 3.6 percent), which weakened the export business. By contrast, it depreciated against the Chinese renminbi by 3.1 percent. Nonetheless, currency effects had only a negligible impact on the KION Group’s operating performance in the year under review.