Logistics segment
in € million |
2018 |
2017 |
Change |
|||
Revenue |
59.8 |
50.8 |
17.7 % |
|||
EBITDA |
10.0 |
6.9 |
44.0 % |
|||
EBITDA margin in % |
16.7 |
13.7 |
3.0 pp |
|||
EBIT |
5.6 |
2.6 |
120.0 % |
|||
EBIT margin in % |
9.4 |
5.0 |
4.4 pp |
|||
At-equity earnings |
4.4 |
3.9 |
13.2 % |
The key financial figures for the Logistics segment include the vehicle logistics and consultancy divisions. In addition, the division for airborne logistics services was added in the fourth quarter of 2018. The results from dry bulk and fruit logistics are included in at-equity earnings.
The Logistics segment recorded significant sales growth in the fourth quarter, which was in particular due to temporary additional business in the field of vehicle logistics. For the year as a whole, the fully consolidated companies reported revenue of € 59.8 million, up 17.7 % on the prior-year figure (previous year: € 50.8 million).
The operating result (EBIT) far outstripped the increase in revenue and more than doubled during the reporting period, increasing by 120.0 % to € 5.6 million (previous year: € 2.6 million). Improved results for vehicle logistics and consultancy were opposed by losses in the newly consolidated airborne logistics services division.
The performance of those companies included in at-equity earnings showed significant revenue growth during the reporting period. Total at-equity earnings rose by 13.2 % to € 4.4 million (previous year: € 3.9 million) for 2018 as a whole.
Proportionate profit after tax attributable to a joint venture or an associated company, reported in the income statement under financial income.
Revenue from sales or lettings and from services rendered, less sales deductions and VAT.