Logistics Segment

Key Figures

in € million

1–6 | 2017

1–6 | 2016

Change

The prior-year earnings include one-off expenses of 14.9 million from the restructuring of project and contract logistics.

Revenue

24.7

27.4

- 9.8 %

EBITDA

2.8

- 14.7

pos.

EBITDA margin in %

11.5

- 53.6

65.1 pp

EBIT

0.7

- 16.7

pos.

EBIT margin in %

2.7

- 60.9

63.6 pp

At-equity earnings

2.6

2.2

17.8 %

After a restrained performance in the first three months, the fully consolidated companies of the Logistics segment experienced an upturn in business during the second quarter. Due to the discontinuation of project and contract logistics activities, however, segment revenue was down 9.8 % year on year at € 24.7 million (previous year: € 27.4 million) due to the discontinuation of project and contract logistics activities.

By contrast, the segment’s operating result (EBIT) improved to € 0.7 million (previous year: € - 16.7 million) in the reporting period. Last year’s result included one-off expenses of € 14.9 million from the restructuring of project and contract logistics.

The companies included in at-equity earnings recorded a year-on-year improvement in the first half of 2017 as a result of encouraging growth in bulk cargo handling. At-equity earnings rose by 17.8 % to € 2.6 million (previous year: € 2.2 million).