STILL segment
In the STILL segment, the value of order intake amounted to €1,405.9 million in the first nine months of 2014, an increase of 13.1 per cent year on year (Q1 – Q3 2013: €1,243.2 million). There were particularly strong gains in the volume of orders in Germany, Italy and eastern Europe, more than offsetting the persistent downward trend in Brazil. Nonetheless, STILL’s growth in the reporting period was slightly behind that of the global market, with the number of trucks ordered rising by 7.1 per cent. The improved situation with regard to sales of electric forklift trucks, above all in western Europe, was eclipsed by a decline in diesel truck sales.
Segment revenue rose by 4.4 per cent to €1,318.6 million (Q1 – Q3 2013: €1,263.6 million). This was predominantly attributable to growth in western and eastern Europe. The service business generated substantial gains in all of the main sales regions except Brazil.
The segment’s adjusted EBIT reached €83.9 million in the first nine months, just above the equivalent figure for the previous year (Q1 – Q3 2013: €82.0 million). The adjusted EBIT margin was 6.4 per cent (Q1 – Q3 2013: 6.5 per cent). >> Table 09
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Key figures − STILL − |
>>TABLE 09 |
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|
in € million |
Q3 2014 |
Q3 2013 |
Change |
Q1 – Q3 2014 |
Q1 – Q3 2013 |
Change |
|
|
|
|
|
|
|
|
|
Order intake |
446.8 |
386.1 |
15.7% |
1,405.9 |
1,243.2 |
13.1% |
|
Revenue |
440.7 |
421.1 |
4.7% |
1,318.6 |
1,263.6 |
4.4% |
|
EBITDA |
60.3 |
53.1 |
13.6% |
160.2 |
149.2 |
7.4% |
|
Adjusted EBITDA |
60.5 |
54.8 |
10.5% |
162.2 |
154.5 |
5.0% |
|
EBIT |
32.8 |
28.0 |
17.1% |
80.8 |
72.5 |
11.4% |
|
Adjusted EBIT |
33.6 |
31.2 |
7.8% |
83.9 |
82.0 |
2.3% |
|
|
|
|
|
|
|
|
|
Adjusted EBITDA margin |
13.7% |
13.0% |
− |
12.3% |
12.2% |
− |
|
Adjusted EBIT margin |
7.6% |
7.4% |
− |
6.4% |
6.5% |
− |