Revenue
Consolidated revenue fell moderately in the first six months of 2025, diminishing by 4.2 percent to €5,496.3 million (H1 2024: €5,736.2 million).
In the Industrial Trucks & Services segment, revenue generated from external customers went down by 4.1 percent to €4,125.9 million (H1 2024: €4,300.8 million). The fall in revenue from new business due to the normalization of the order book at a lower level was partly offset by the solid growth of the service business.
In the Supply Chain Solutions segment, revenue generated from external customers fell by 4.5 percent, from €1,433.7 million in the prior-year period to €1,369.9 million in the period under review. This decline in revenue was mainly due to the subdued order situation in the project business (business solutions) in preceding quarters. By contrast, revenue in the service business (customer services) once again increased strongly year on year.
The proportion of consolidated revenue attributable to the service business grew to 49.2 percent overall (H1 2024: 45.2 percent).
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
|---|---|---|---|---|---|---|
Industrial Trucks & Services |
2,015.7 |
2,150.8 |
–6.3% |
4,125.9 |
4,300.8 |
–4.1% |
New business |
981.8 |
1,134.4 |
–13.4% |
2,042.9 |
2,273.1 |
–10.1% |
Service business |
1,033.9 |
1,016.4 |
1.7% |
2,083.0 |
2,027.8 |
2.7% |
– Aftersales |
537.2 |
531.4 |
1.1% |
1,083.7 |
1,071.4 |
1.1% |
– Rental business |
302.1 |
296.1 |
2.0% |
601.8 |
588.9 |
2.2% |
– Used trucks |
119.4 |
118.9 |
0.4% |
252.4 |
238.6 |
5.8% |
– Other |
75.2 |
70.1 |
7.4% |
145.0 |
128.8 |
12.6% |
Supply Chain Solutions |
692.3 |
725.4 |
–4.6% |
1,369.9 |
1,433.7 |
–4.5% |
Business solutions |
385.9 |
437.3 |
–11.7% |
746.0 |
868.2 |
–14.1% |
Service business |
306.4 |
288.1 |
6.3% |
623.9 |
565.4 |
10.3% |
Corporate Services |
0.3 |
0.9 |
–68.9% |
0.6 |
1.7 |
–63.9% |
|
|
|
|
|
|
|
Total revenue |
2,708.2 |
2,877.1 |
–5.9% |
5,496.3 |
5,736.2 |
–4.2% |
Revenue by sales region
In the Industrial Trucks & Services segment, the decline in revenue was predominantly attributable to the main sales region, EMEA. Revenue was also down year on year in the APAC and Americas regions.
The Supply Chain Solutions segment registered a drop in revenue in its core market, North America. By contrast, revenue was higher than in the prior-year period in both the EMEA region and the APAC region.
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
|---|---|---|---|---|---|---|
EMEA |
1,855.1 |
1,945.8 |
–4.7% |
3,804.0 |
3,897.3 |
–2.4% |
Western Europe |
1,615.3 |
1,702.1 |
–5.1% |
3,335.0 |
3,438.1 |
–3.0% |
Eastern Europe |
201.0 |
203.4 |
–1.2% |
391.3 |
392.2 |
–0.2% |
Middle East and Africa |
38.8 |
40.4 |
–3.9% |
77.8 |
67.0 |
16.0% |
Americas |
545.2 |
609.9 |
–10.6% |
1,096.4 |
1,229.5 |
–10.8% |
North America |
468.3 |
547.6 |
–14.5% |
951.0 |
1,094.6 |
–13.1% |
Central and South America |
76.9 |
62.3 |
23.5% |
145.4 |
134.9 |
7.8% |
APAC |
308.0 |
321.3 |
–4.2% |
595.9 |
609.4 |
–2.2% |
China |
166.8 |
180.5 |
–7.6% |
317.1 |
342.8 |
–7.5% |
APAC excluding China |
141.2 |
140.9 |
0.2% |
278.8 |
266.6 |
4.5% |
Total revenue |
2,708.2 |
2,877.1 |
–5.9% |
5,496.3 |
5,736.2 |
–4.2% |