Linde Material Handling segment
Despite negative currency effects, order intake in the Linde Material Handling (LMH) segment amounted to €843.5 million in the quarter under review, which was on a par with the high level reported a year earlier (Q1 2015: €843.8 million).
Segment revenue improved by 3.5 per cent to €814.9 million (Q1 2015: €787.3 million). The main factor in this increase was higher unit sales of counterbalance trucks. Revenue from the service and rental businesses also went up.
At €87.4 million, adjusted EBIT was substantially higher than in the prior-year quarter (Q1 2015: €77.8 million). This was due, above all, to revenue growth in France and Germany and to moderate margin improvements. Consequently, the adjusted EBIT margin increased to 10.7 per cent (Q1 2015: 9.9 per cent). > TABLE 08
Key figures − LMH − |
|
|
08 |
in € million |
Q1 2016 |
Q1 2015 |
Change |
Order intake |
843.5 |
843.8 |
–0.0% |
Revenue |
814.9 |
787.3 |
3.5% |
EBITDA |
127.1 |
114.5 |
11.0% |
Adjusted EBITDA |
126.9 |
115.8 |
9.6% |
EBIT |
81.9 |
70.6 |
16.0% |
Adjusted EBIT |
87.4 |
77.8 |
12.3% |
|
|
|
|
Adjusted EBITDA margin |
15.6% |
14.7% |
− |
Adjusted EBIT margin |
10.7% |
9.9% |
− |