Linde Material Handling segment
The Linde Material Handling (LMH) segment saw a continuation of the encouraging growth in the new truck business seen in the first three months of the year. Overall, order intake for the first half of 2014 was up by 10.8 per cent, reaching €1,609.6 million (H1 2013: €1,453.2 million). In western and eastern Europe in particular, LMH reported strong growth and slightly improved its market share. In Asia, the performance of LMH was slightly below the market average.
Segment revenue rose year on year by 1.2 per cent to reach €1,476.7 million. The slight decline in the new truck business was offset by a sharp increase in the service business, in part due to the first-time consolidation of the German dealer Willenbrock.
Adjusted EBIT reached €158.3 million in the first six months of the year, just short of the equivalent figure for the previous year (H1 2013: €159.4 million). The adjusted EBIT margin was 10.7 per cent (H1 2013: 10.9 per cent). >> TABLE 08
Key figures − LMH − |
>>TABLE 08 |
|||||
in € million |
Q2 2014 |
Q2 2013 |
Change |
Q1 – Q2 2014 |
Q1 – Q2 2013 |
Change |
|
|
|
|
|
|
|
Order intake |
813.7 |
724.6 |
12.3% |
1,609.6 |
1,453.2 |
10.8% |
Revenue |
755.8 |
747.9 |
1.1% |
1,476.7 |
1,459.2 |
1.2% |
EBITDA |
114.5 |
119.2 |
–4.0% |
227.1 |
226.6 |
0.2% |
Adjusted EBITDA |
122.2 |
117.4 |
4.0% |
237.4 |
227.2 |
4.5% |
EBIT |
69.7 |
78.6 |
–11.3% |
136.7 |
146.0 |
–6.4% |
Adjusted EBIT |
82.9 |
83.6 |
–0.7% |
158.3 |
159.4 |
–0.7% |
|
|
|
|
|
|
|
Adjusted EBITDA margin |
16.2% |
15.7% |
− |
16.1% |
15.6% |
− |
Adjusted EBIT margin |
11.0% |
11.2% |
− |
10.7% |
10.9% |
− |