Logistics Segment
in € million |
1–3 | 2016 |
1–3 | 2015 |
Change |
|||
Revenue |
13.4 |
15.1 |
- 10.8 % |
|||
EBITDA |
0.0 |
- 0.9 |
pos. |
|||
EBITDA margin in % |
0.3 |
- 6.3 |
6.6 pp |
|||
EBIT |
- 1.0 |
- 1.3 |
24.8 % |
|||
EBIT margin in % |
- 7.2 |
- 8.5 |
1.3 pp |
|||
At-equity earnings |
1.0 |
1.0 |
1.6 % |
The key financial figures for the Logistics segment include the vehicle logistics, project and contract logistics, consultancy activities and cruise logistics business divisions. The results from dry bulk and fruit logistics are included in at-equity earnings.
Revenue generated by the fully consolidated companies of the Logistics segment made only modest progress in the first quarter of 2016. The segment recorded revenue of € 13.4 million, which was 10.8 % below the prior-year figure (previous year: € 15.1 million). Earnings of the individual business divisions within the Logistics segment varied. All in all, the EBIT loss was reduced to € - 1.0 million in the reporting period (previous year: € - 1.3 million). This improvement in segment EBIT was due to an internal transfer of real estate operating assets in the third quarter of 2015. Since the resulting improvement in the segment’s cost structure was not included in the prior-year quarter, the respective quarters are only comparable to a limited extent.
The disclosed at-equity earnings of € 1.0 million in the reporting period were on a par with the previous year.