Logistics segment
in € million |
1–3 | 2019 |
1–3 | 2018 |
Change |
|||
Revenue |
14.3 |
12.2 |
16.8 % |
|||
EBITDA |
2.0 |
1.1 |
62.6 % |
|||
EBITDA margin in % |
14.2 |
10.2 |
4.0 pp |
|||
EBIT |
0.7 |
0.1 |
pos. |
|||
EBIT margin in % |
4.8 |
1.1 |
3.7 pp |
|||
At-equity earnings |
1.1 |
0.8 |
31.6 % |
The companies of the Logistics segment made encouraging progress in the first quarter of 2019. The consolidated companies reported a 16.8 % increase in revenue, taking it to € 14.3 million and thus well above the prior-year figure (previous year: € 12.2 million). This was due in particular to strong volume growth in the vehicle logistics division and the positive order situation in consultancy. At € 0.7 million, the segment’s operating result (EBIT) far outstripped the prior-year figure (previous year: € 0.1 million). The application of IFRS 16 had no significant effect on the development of the operating result.
Due in particular to the recovery in bulk cargo handling, at-equity earnings increased strongly by 31.6 % to € 1.1 million in the first three months of 2019 (previous year: € 0.8 million).