The STILL segment, which consists of the STILL and OM STILL brands, expanded its foothold in the Turkish market by acquiring 51.0 per cent in Arser, previously its exclusive dealer. The transaction was closed on 14 August 2013. The remaining 49.0 per cent of the shares are held by Turkey’s Arkas Group.
Order intake continued to increase, rising by 2.3 per cent to € 1,243.2 million (Q1—Q3 2012: € 1,215.6 million). Revenue for the nine-month period advanced by 3.5 per cent year on year to € 1,263.6 million. STILL registered encouraging gains in Brazil, although revenue was held back by negative currency effects. Bucking the general trend, STILL also generated growth in the German market.
Adjusted EBIT reached € 82.0 million in the first nine months of 2013, which was slightly below the figure for the previous year (Q1—Q3 2012: € 83.6 million). The EBIT margin stood at 6.5 per cent, a small decrease compared with the margin of 6.8 per cent in the first three quarters of 2012.
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Quarterly information—STILL— |
>>TABLE 09 | |||||
|
in € million |
Q3 |
Q3 |
Change |
Q1–Q3 |
Q1–Q3 |
Change |
|
|
|
|
|
|
|
|
|
Order intake |
433.8 |
412.0 |
5.3 % |
1,243.2 |
1,215.6 |
2.3 % |
|
Revenue |
421.1 |
402.8 |
4.5 % |
1,263.6 |
1,221.0 |
3.5 % |
|
EBITDA |
53.1 |
47.2 |
12.5 % |
149.2 |
143.0 |
4.4 % |
|
Adjusted EBITDA |
54.8 |
54.7 |
0.1 % |
154.5 |
152.5 |
1.3 % |
|
EBIT |
28.0 |
21.7 |
29.2 % |
72.5 |
68.6 |
5.7 % |
|
Adjusted EBIT |
31.2 |
31.3 |
–0.3 % |
82.0 |
83.6 |
–1.9 % |
|
|
|
|
|
|
|
|
|
Adjusted EBITDA margin |
13.0 % |
13.6 % |
– |
12.2 % |
12.5 % |
– |
|
Adjusted EBIT margin |
7.4 % |
7.8 % |
– |
6.5 % |
6.8 % |
– |