Earnings
EBIT and EBITDA
Earnings before interest and tax (EBIT) reached €96.6 million, which was 8.5 percent above the same period of the previous year (Q1 2016: €89.0 million). This includes the negative purchase price allocation effects of €46.6 million (Q1 2016: €6.7 million), which, in the quarter under review, were largely attributable to the acquisition of the Dematic Group. EBIT adjusted for non-recurring items and purchase price allocation effects (adjusted EBIT) was significantly higher than in the prior-year period at €152.9 million (Q1 2016: €98.6 million). The adjusted EBIT margin rose to 8.4 percent (Q1 2016: 8.1 percent). > TABLE 04
EBIT |
|
04 |
|
in € million |
Q1 2017 |
Q1 2016 |
Change |
EBIT |
96.6 |
89.0 |
8.5% |
+ Non-recurring items |
9.7 |
2.9 |
>100% |
+ PPA items |
46.6 |
6.7 |
>100% |
Adjusted EBIT |
152.9 |
98.6 |
55.1% |
Earnings before interest, tax, depreciation and amortisation (EBITDA) reached €253.3 million, compared with €190.0 million in the prior-year period. Adjusted EBITDA rose to €263.0 million (Q1 2016: €191.7 million). This equates to an adjusted EBITDA margin of 14.5 percent (Q1 2016: 15.7 percent). > TABLE 05
EBITDA |
|
05 |
|
in € million |
Q1 2017 |
Q1 2016 |
Change |
EBITDA |
253.3 |
190.0 |
33.3% |
+ Non-recurring items |
9.7 |
1.8 |
>100% |
+ PPA items |
0.0 |
0.0 |
–100.0% |
Adjusted EBITDA |
263.0 |
191.7 |
37.2% |