Logistics Segment
in € million |
1–3 | 2017 |
1–3 | 2016 |
Change |
|||
Revenue |
11.0 |
13.4 |
- 18.1 % |
|||
EBITDA |
0.7 |
0.0 |
pos. |
|||
EBITDA margin in % |
6.2 |
0.3 |
5.9 pp |
|||
EBIT |
- 0.4 |
- 1.0 |
58.2 % |
|||
EBIT margin in % |
- 3.7 |
- 7.2 |
3.5 pp |
|||
At-equity earnings |
1.3 |
1.0 |
39.1 % |
The revenue trend of the consolidated companies comprising the Logistics segment was modest on the whole in the first quarter of 2017. At € 11.0 million, segment revenue was down 18.1 % on the previous year (€ 13.4 million), largely due to the discontinuation of contract and project logistics activities. The operating result (EBIT) improved to € - 0.4 million in the first quarter of 2017 (previous year: € - 1.0 million). The absence of losses from project and contract logistics was offset by lower earnings from vehicle logistics and consulting activities.
The companies included in at-equity earnings recorded a significant year-on-year improvement in the first quarter of 2017, mainly as a result of encouraging growth in bulk cargo handling. At-equity earnings rose by 39.1 % to € 1.3 million (previous year: € 1.0 million).