Supply Chain Solutions segment

Business performance and order intake

The value of order intake in the Supply Chain Solutions segment increased very substantially, reaching €602.9 million (Q1 2018: €396.3 million). A healthy rise in orders in Europe and an order from a new customer in North America that was received during the first quarter contributed to the growth. There was also a small positive impact from the stronger US dollar, which pushed up order intake by €25.9 million. > TABLE 08

Key figures – Supply Chain Solutions

08

in € million

Q1 2019

Q1 2018

Change

Order intake

602.9

396.3

52.1%

Total revenue

568.8

470.7

20.9%

EBITDA

61.0

45.8

33.3%

Adjusted EBITDA

62.1

46.1

34.6%

EBIT

24.8

1.9

>100%

Adjusted EBIT

48.2

35.0

37.8%

 

 

 

 

Adjusted EBITDA margin

10.9%

9.8%

–

Adjusted EBIT margin

8.5%

7.4%

–

Revenue

Thanks to the substantial order book at the end of 2018, segment revenue increased by a hefty 20.9 per cent to €568.8 million (Q1 2018: €470.7 million). Revenue rose in all sales regions, with an exceptionally strong rise in the long-term project business (business solutions). The growth of the service business, which accounted for 24.1 per cent of the segment’s external revenue (Q1 2018: 24.8 per cent), was due in part to the modernisation of equipment and the supply of spare parts.

Earnings

Buoyed by the sharp rise in revenue, the segment’s adjusted EBIT jumped by 37.8 per cent to €48.2 million (Q1 2018: €35.0 million). The adjusted EBIT margin of 8.5 per cent was therefore markedly higher than the figure for the first quarter of 2018 of 7.4 per cent. After taking into account non-recurring items and purchase price allocation effects, EBIT came to €24.8 million (Q1 2018: €1.9 million).

Adjusted EBITDA amounted to €62.1 million (Q1 2018: €46.1 million); the adjusted EBITDA margin was 10.9 per cent (Q1 2018: 9.8 per cent).