Logistics segment
in € million |
1–9 | 2019 |
1–9 | 2018 |
Change |
|||
|---|---|---|---|---|---|---|
Revenue |
43.9 |
39.9 |
9.8 % |
|||
EBITDA |
6.0 |
5.1 |
18.1 % |
|||
EBITDA margin in % |
13.7 |
12.7 |
1.0 pp |
|||
EBIT |
1.7 |
1.8 |
- 2.7 % |
|||
EBIT margin in % |
3.9 |
4.4 |
- 0.5 pp |
|||
At-equity earnings |
3.1 |
3.3 |
- 7.0 % |
Largely due to a strong first six months, the consolidated companies of the Logistics segment reported encouraging revenue growth in the reporting period. At € 43.9 million, the prior-year figure was exceeded by 9.8 % (previous year: € 39.9 million). This was due in particular to volume growth in the vehicle logistics division and the positive order situation in consultancy. At € 1.7 million, the Logistics segment’s operating result (EBIT) was 2.7 % down on the prior-year figure (previous year: € 1.8 million). Start-up costs for new, digital business fields had a negative impact. The application of IFRS 16 had no significant effect on the development of the operating result.
At-equity earnings of € 3.1 million in the first nine months of 2019 were 7.0 % down on the prior-year figure (previous year: € 3.3 million). This was largely due to a burden on earnings from bulk materials handling resulting from the initial application of IFRS 16.