Linde Material Handling segment
Despite negative currency effects, order intake in the Linde Material Handling (LMH) segment amounted to €2,645.7 million in the nine-month period, which was above the high level reported a year earlier (Q1 – Q3 2015: €2,579.3 million).
Segment revenue improved by 3.0 per cent to €2,537.7 million (Q1 – Q3 2015: €2,463.0 million). The main factor in this increase was higher unit sales of new trucks in Germany, France and Italy, which easily offset the decreases in the United Kingdom, Asia and elsewhere. In the service business, there were significant gains in all categories.
The positive effect from revenue combined with the margin improvements in new truck business resulted in adjusted EBIT of €311.5 million, which was significantly higher than in the prior-year period (Q1 – Q3 2015: €267.8 million). Consequently, the adjusted EBIT margin increased to 12.3 per cent (Q1 – Q3 2015: 10.9 per cent). > TABLE 08
Key figures − LMH − |
|
|
|
|
|
08 |
in € million |
Q3 2016 |
Q3 2015 |
Change |
Q1 – Q3 2016 |
Q1 – Q3 2015 |
Change |
Order intake |
863.6 |
818.4 |
5.5% |
2,645.7 |
2,579.3 |
2.6% |
Revenue |
831.1 |
812.8 |
2.3% |
2,537.7 |
2,463.0 |
3.0% |
EBITDA |
142.8 |
133.0 |
7.3% |
433.2 |
379.2 |
14.3% |
Adjusted EBITDA |
143.3 |
134.5 |
6.5% |
434.0 |
383.4 |
13.2% |
EBIT |
95.9 |
88.5 |
8.3% |
293.7 |
246.2 |
19.3% |
Adjusted EBIT |
102.1 |
95.7 |
6.7% |
311.5 |
267.8 |
16.3% |
|
|
|
|
|
|
|
Adjusted EBITDA margin |
17.2% |
16.6% |
− |
17.1% |
15.6% |
− |
Adjusted EBIT margin |
12.3% |
11.8% |
− |
12.3% |
10.9% |
− |