Segment report
The KPIs used to manage the Industrial Trucks & Services and Supply Chain Solutions segments are 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’).
The following tables show information on the segments for the second quarter of 2025 and 2024 and for the first half of 2025 and 2024.
Segment information Q2 2025
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation |
Total |
||||
|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
2,015.7 |
692.3 |
0.3 |
– |
2,708.2 |
||||
Intersegment revenue |
3.8 |
5.8 |
75.5 |
–85.2 |
– |
||||
Total revenue |
2,019.5 |
698.1 |
75.8 |
–85.2 |
2,708.2 |
||||
Cost of sales |
–1,434.4 |
–543.0 |
–73.3 |
85.1 |
–1,965.5 |
||||
Earnings before tax |
142.0 |
24.8 |
–13.3 |
–22.5 |
131.0 |
||||
Net financial expenses |
–27.2 |
–4.3 |
–6.6 |
– |
–38.1 |
||||
EBIT |
169.2 |
29.1 |
–6.7 |
–22.5 |
169.1 |
||||
+ Non-recurring items |
3.2 |
–7.2 |
3.3 |
– |
–0.7 |
||||
+ PPA items |
0.9 |
20.2 |
– |
– |
21.1 |
||||
= Adjusted EBIT |
173.4 |
42.0 |
–3.4 |
–22.5 |
189.5 |
||||
Capital expenditure1 |
54.6 |
23.5 |
9.7 |
– |
87.7 |
||||
Amortization and depreciation2 |
51.4 |
10.5 |
6.3 |
– |
68.2 |
||||
Order intake |
2,070.2 |
1,445.4 |
75.8 |
–91.5 |
3,499.9 |
||||
|
|||||||||
Segment information Q2 2024
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation |
Total |
||||
|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
2,150.8 |
725.4 |
0.9 |
– |
2,877.1 |
||||
Intersegment revenue |
2.4 |
7.0 |
72.3 |
–81.7 |
– |
||||
Total revenue |
2,153.2 |
732.4 |
73.2 |
–81.7 |
2,877.1 |
||||
Cost of sales |
–1,505.9 |
–611.7 |
–88.8 |
81.7 |
–2,124.7 |
||||
Earnings before tax |
188.8 |
–18.8 |
–48.6 |
–3.3 |
118.0 |
||||
Net financial expenses |
–20.2 |
–6.0 |
–17.1 |
– |
–43.3 |
||||
EBIT |
209.0 |
–12.9 |
–31.5 |
–3.3 |
161.3 |
||||
+ Non-recurring items |
–0.7 |
14.5 |
0.5 |
– |
14.3 |
||||
+ PPA items |
22.7 |
22.0 |
– |
– |
44.7 |
||||
= Adjusted EBIT |
231.0 |
23.7 |
–31.0 |
–3.3 |
220.3 |
||||
Capital expenditure1 |
59.7 |
26.8 |
8.5 |
– |
95.0 |
||||
Amortization and depreciation2 |
26.1 |
11.9 |
5.6 |
– |
43.6 |
||||
Order intake |
1,965.5 |
676.9 |
73.2 |
–75.9 |
2,639.8 |
||||
|
|||||||||
Segment information Q1 – Q2 2025
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation |
Total |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
4,125.9 |
1,369.9 |
0.6 |
– |
5,496.3 |
||||||
Intersegment revenue |
9.3 |
15.9 |
149.1 |
–174.4 |
– |
||||||
Total revenue |
4,135.2 |
1,385.8 |
149.7 |
–174.4 |
5,496.3 |
||||||
Cost of sales |
–2,973.0 |
–1,090.2 |
–144.5 |
173.2 |
–4,034.5 |
||||||
Earnings before tax |
131.6 |
34.6 |
–70.9 |
–23.4 |
71.8 |
||||||
Net financial expenses |
–51.0 |
–7.5 |
–16.9 |
– |
–75.4 |
||||||
EBIT |
182.6 |
42.1 |
–54.0 |
–23.4 |
147.2 |
||||||
+ Non-recurring items |
174.5 |
–6.0 |
25.2 |
– |
193.7 |
||||||
+ PPA items |
1.8 |
42.3 |
– |
– |
44.1 |
||||||
= Adjusted EBIT |
358.9 |
78.4 |
–28.8 |
–23.4 |
385.0 |
||||||
Segment assets |
14,465.8 |
5,156.6 |
2,856.8 |
–4,047.8 |
18,431.4 |
||||||
Segment liabilities |
10,442.5 |
2,637.7 |
3,517.3 |
–4,052.1 |
12,545.4 |
||||||
Capital expenditure1 |
101.6 |
51.7 |
19.9 |
– |
173.2 |
||||||
Amortization and depreciation2 |
100.8 |
22.5 |
12.8 |
– |
136.1 |
||||||
Order intake |
4,028.2 |
2,201.2 |
149.7 |
–173.0 |
6,206.1 |
||||||
Order book |
2,051.6 |
2,944.4 |
– |
–33.3 |
4,962.7 |
||||||
Number of employees3 |
30,964 |
9,780 |
1,443 |
– |
42,187 |
||||||
|
|||||||||||
Segment information Q1 – Q2 2024
in € million |
Industrial Trucks & Services |
Supply Chain Solutions |
Corporate Services |
Consolidation |
Total |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue from external customers |
4,300.8 |
1,433.7 |
1.7 |
– |
5,736.2 |
||||||
Intersegment revenue |
5.4 |
17.6 |
143.6 |
–166.6 |
– |
||||||
Total revenue |
4,306.3 |
1,451.3 |
145.3 |
–166.6 |
5,736.2 |
||||||
Cost of sales |
–2,992.2 |
–1,208.6 |
–160.5 |
166.3 |
–4,195.0 |
||||||
Earnings before tax |
406.5 |
–20.3 |
–94.6 |
–3.8 |
287.7 |
||||||
Net financial expenses |
–40.1 |
–9.6 |
–34.8 |
– |
–84.5 |
||||||
EBIT |
446.5 |
–10.7 |
–59.9 |
–3.8 |
372.2 |
||||||
+ Non-recurring items |
1.2 |
8.8 |
–2.0 |
– |
8.1 |
||||||
+ PPA items |
22.9 |
43.9 |
– |
– |
66.8 |
||||||
= Adjusted EBIT |
470.7 |
42.1 |
–61.8 |
–3.8 |
447.0 |
||||||
Segment assets |
13,915.6 |
5,492.0 |
2,443.2 |
–3,960.6 |
17,890.2 |
||||||
Segment liabilities |
9,617.8 |
2,760.7 |
3,513.4 |
–3,961.6 |
11,930.3 |
||||||
Capital expenditure1 |
111.9 |
53.2 |
17.6 |
– |
182.7 |
||||||
Amortization and depreciation2 |
73.3 |
24.6 |
10.8 |
– |
108.7 |
||||||
Order intake |
3,769.5 |
1,318.5 |
145.3 |
–154.7 |
5,078.7 |
||||||
Order book |
2,602.4 |
2,731.9 |
– |
–62.2 |
5,272.2 |
||||||
Number of employees3 |
30,820 |
10,045 |
1,438 |
– |
42,303 |
||||||
|
|||||||||||
The non-recurring items in the Industrial Trucks & Services segment and in Corporate Services in the first six months of the year related in a total amount of €196.7 million to expenses in connection with the efficiency program initiated at the start of February 2025 in order to strengthen competitiveness and capacity to carry out capital investment. Under the efficiency program, changes will be made to the organizational structures in the EMEA region. The expenses mainly related to personnel obligations that were recognized within other current provisions.