Logistics Segment
in € million |
2017 |
2016 |
Change |
|||
Revenue |
50.8 |
55.0 |
- 7.6 % |
|||
EBITDA |
6.9 |
2.4 |
pos. |
|||
EBITDA margin in % |
13.7 |
4.3 |
9.4 pp |
|||
EBIT |
2.6 |
- 1.7 |
pos. |
|||
EBIT margin in % |
5.0 |
- 3.1 |
pos. |
|||
At-equity earnings |
3.9 |
3.7 |
4.8 % |
The key financial figures for the Logistics segment include the vehicle logistics and consultancy divisions. The results from dry bulk and fruit logistics are included in earnings from associates.
The companies of the Logistics segment once again made varying progress in 2017. The fully consolidated companies reported revenue of € 50.8 million, down 7.6 % on the prior-year figure (previous year: € 55.0 million). This was largely due to the discontinuation of project and contract logistics activities in the 2016 financial year. By contrast, revenue in the vehicle logistics division rose strongly.
The operating result (EBIT) increased to € 2.6 million in the reporting period, compared to an operating loss of € -1.7 million in the previous year due to project and contract logistics losses.
The performance of the companies included in at-equity earnings also varied during the reporting period. There was an upturn in dry bulk handling, while earnings from fruit logistics remained below the prior-year figure. Total earnings from associates rose by 4.8 % to € 3.9 million (previous year: € 3.7 million).
Revenue from sales or lettings and from services rendered, less sales deductions and VAT.