Logistics segment

Key figures

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).