Logistics Segment
in € million |
1–9 | 2017 |
1–9 | 2016 |
Change |
|||
Revenue |
37.4 |
40.5 |
- 7.8 % |
|||
EBITDA |
4.5 |
0.4 |
pos. |
|||
EBITDA margin in % |
12.2 |
1.0 |
11.2 pp |
|||
EBIT |
1.3 |
- 2.6 |
pos. |
|||
EBIT margin in % |
3.3 |
- 6.4 |
9.7 pp |
|||
At-equity earnings |
3.3 |
3.0 |
10.0 % |
Despite considerable momentum in vehicle logistics, revenue in this segment was down 7.8 % year-on-year at € 37.4 million in the first nine months of 2017 (previous year: € 40.5 million). This was primarily due to the discontinuation of project and contract logistics during the course of 2016. The segment’s operating result (EBIT) – clearly negative last year due to project and contract logistics losses – was raised to € 1.3 million in the reporting period.
The companies included in at-equity earnings recorded a year-on-year improvement in the first nine months of 2017 as a result of encouraging growth in bulk cargo handling. At-equity earnings rose by 10.0 % to € 3.3 million (previous year: (€ 3.0 million).