Interim Statement January – September 2023

Logistics segment

Key figures

in € million

 

1–9 | 2023

 

1–9 | 2022

 

Change

Revenue

 

59.0

 

56.8

 

4.0 %

EBITDA

 

6.4

 

2.5

 

152.3 %

EBITDA margin in %

 

10.8

 

4.4

 

6.4 pp

EBIT

 

- 0.8

 

- 7.5

 

pos.

EBIT margin in %

 

- 1.4

 

- 13.3

 

pos.

At-equity earnings

 

2.1

 

2.6

 

- 20.3 %

At € 59.0 million, revenue of the consolidated companies in the first nine months was 4.0 % up on the prior-year figure (previous year: € 56.8 million). The leasing company for the intermodal sector not yet included in the prior-year period more than offset a moderate decline in vehicle logistics.

There was a negative operating result (EBIT) of € - 0.8 million (previous year: € - 7.5 million). Both the newly included leasing company for the intermodal sector and an increase in automation technology contributed to improved earnings in the reporting period. Earnings in the previous year were burdened by an impairment of around € 4 million for activities aimed at opening up new growth fields.

Due to a decrease in earnings from bulk cargo handling, at-equity earnings of the Logistics segment fell year-on-year by 20.3 % to € 2.1 million in the first nine months (previous year: € 2.6 million).