Logistics segment
in € million |
|
2021 |
|
2020 |
|
Change |
|---|---|---|---|---|---|---|
Revenue |
|
71.3 |
|
51.4 |
|
38.8 % |
EBITDA |
|
9.3 |
|
6.9 |
|
34.1 % |
EBITDA margin in % |
|
13.0 |
|
13.4 |
|
- 0.4 pp |
EBIT |
|
- 3.0 |
|
- 3.9 |
|
pos. |
EBIT margin in % |
|
- 4.2 |
|
- 7.5 |
|
pos. |
At-equity earnings |
|
3.9 |
|
3.4 |
|
13.7 % |
The key financial figures for the Logistics segment include the vehicle logistics and consultancy divisions, as well as business activities with which HHLA aims to tap new growth fields. iSAM AG (including its three subsidiaries), an automation technology specialist, was included in the group of consolidated companies in the first quarter of 2021. The results from dry bulk and fruit logistics are included in at-equity earnings.
The consolidated companies reported revenue of € 71.3 million in the 2021 financial year, up 38.8 % on the prior-year figure (previous year: € 51.4 million). This was largely due to the newly consolidated automation technology division and strong revenue growth in vehicle logistics.
The operating result (EBIT) recorded a loss of € 3.0 million in the reporting period (previous year: € - 3.9 million). This was due to start-up losses in connection with new activities. The vehicle logistics division was able to strongly improve its result.
Revenues of those companies included in at-equity earnings rose strongly in total during the reporting period. At-equity earnings rose to € 3.9 million in the 2021 financial year (previous year: € 3.4 million).
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.