Following a moderate decline in order volumes in 2013, the Linde Material Handling segment’s order intake climbed by 9.2 per cent to €796.0 million in the first quarter of this year (Q1 2013: €728.6 million). LMH saw particularly strong growth in western Europe – especially in Germany and the United Kingdom – and in Asia. The Dealer Willenbrock, which was included in the consolidation for the first time, contributed to the increase.
Segment revenue grew by 1.4 per cent year on year to €720.9 million (Q1 2013: €711.3 million). A moderate decrease in new truck business was offset by an encouraging increase in the service business, to which the first-time consolidation of Willenbrock also contributed.
Adjusted EBIT reached €75.3 million, just short of the figure for the first three months of last year (Q1 2013: €75.9 million). While there was an increase in gross profit, there was also a rise in selling expenses and administrative expenses. This was largely attributable to higher personnel expenses, including those caused by the consolidation of Willenbrock. The adjusted EBIT margin was 10.5 per cent (Q1 2013: 10.7 per cent). >> TABLE 08
Key figures − LMH − |
>>TABLE 08 |
||
in € million |
Q1 2014 |
Q1 2013 |
Change |
|
|
|
|
Order intake |
796.0 |
728.6 |
9.2% |
Revenue |
720.9 |
711.3 |
1.4% |
EBITDA |
112.6 |
107.4 |
4.9% |
Adjusted EBITDA |
115.2 |
109.8 |
5.0% |
EBIT |
67.0 |
67.4 |
–0.6% |
Adjusted EBIT |
75.3 |
75.9 |
–0.7% |
|
|
|
|
Adjusted EBITDA margin |
16.0% |
15.4% |
– |
Adjusted EBIT margin |
10.5% |
10.7% |
– |