"In order to actively counter the current challenges - especially supply bottlenecks and increased material, energy and logistics costs - and to sustainably strengthen the resilience of our business, we have taken numerous substantial measures in both operating segments," says Rob Smith, Chief Executive Officer of KION GROUP AG. "These include strengthening our supplier network, dynamic pricing, extending leases to ensure the continued availability of industrial trucks for our customers, and even more flexible production processes at our plants."
In the first half of 2022, KION Group’s order intake rose by 13.1 percent to € 6.655 billion (previous year: € 5.882 billion). This level of momentum continued in the second quarter—not least due to the continuation of strong growth trends in the intralogistics industry (online trade, urbanization, demographic change and increasing customer requirements in terms of delivery speeds). Currency effects had a positive impact of € 179.2 million on the value of orders received at the KION Group. The order backlog increased further in the second quarter and amounted to € 7.941 billion at the mid-year mark (end of 2021: € 6.658 billion). As well as the high volume of new orders, crucial factors here included the significantly longer delivery times for industrial trucks in the Industrial Trucks & Services segment.
At € 5.537 billion, the Group’s revenue was 11.4 percent higher than at mid-2021 (€ 4.968 billion). As in the previous quarter, the increase in revenue still resulted largely from the order book of the previous year and positive development within the service business. Overall, compared to the previous year, the proportion of the Group’s revenue coming from services increased to 40.5 percent (previous year: 40.0 percent). The Group’s revenue was positively influenced by currency effects totaling € 190.7 million.
Adjusted EBIT fell to € 311.7 million (previous year: € 462.2 million). The adjusted EBIT margin dropped significantly to 5.6 percent (previous year: 9.3 percent). At € 159.8 million, net income was significantly lower than the previous year (€ 291.2 million). This includes special effects from Russian business (after tax) of € 30 million in total already recognized in the first quarter.
You can find our business results and the results of our segments for Q1-Q2 2022 at a glance in our
More detailed information on business performance you can find in our
