Supply Chain Solutions segment
Business performance and order intake
At €396.3 million, order intake in the Supply Chain Solutions segment in the first three months of 2018 was down by 14.1 per cent on the prior-year figure (Q1 2017: €461.3 million) due to a slow start in the project business and currency effects. The weaker US dollar, in particular, reduced the value of order intake in the segment by a total of €42.2 million. > TABLE 08
Key figures – Supply Chain Solutions |
08 |
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in € million |
Q1 2018 |
Q1 2017* |
Change |
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|
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Order intake |
396.3 |
461.3 |
–14.1% |
||
Total revenue |
470.7 |
481.6 |
–2.3% |
||
EBITDA |
45.8 |
44.3 |
3.3% |
||
Adjusted EBITDA |
46.1 |
49.7 |
–7.3% |
||
EBIT |
1.9 |
–17.3 |
>100% |
||
Adjusted EBIT |
35.0 |
34.5 |
1.4% |
||
|
|
|
|
||
Adjusted EBITDA margin |
9.8% |
10.3% |
– |
||
Adjusted EBIT margin |
7.4% |
7.2% |
– |
||
Revenue
Segment revenue, at €470.7 million, fell just short of the prior-year figure (Q1 2017: €481.6 million). Currency effects also had an adverse impact on revenue, reducing it by €53.1 million. The proportion of segment revenue accounted for by the service business held steady at 24.8 per cent (Q1 2017: 25.0 per cent). The proportion of revenue generated in North America increased to 68.1 per cent (Q1 2017: 52.8 per cent).
Earnings
Despite negative currency effects, particularly as a result of the weak US dollar, the Supply Chain Solutions segment generated adjusted EBIT of €35.0 million, which was on a par with the prior-year level (Q1 2017: €34.5 million) and equated to an adjusted EBIT margin of 7.4 per cent (Q1 2017: 7.2 per cent). After taking into account non-recurring items and purchase price allocation effects, EBIT came to €1.9 million (Q1 2017: minus €17.3 million).
Adjusted EBITDA amounted to €46.1 million (Q1 2017: €49.7 million); the adjusted EBITDA margin was 9.8 per cent (Q1 2017: 10.3 per cent).