Supply Chain Solutions segment
Business performance and order intake
The value of order intake in the Supply Chain Solutions segment came to €843.2 million, a rise of 1.6 percent compared with the prior-year period (Q1 2021: €829.8 million) that was due to currency effects. The orders placed primarily related to investment in new facilities and in the expansion of existing facilities in the e-commerce, general merchandise, and grocery sectors. The project business (business solutions) declined slightly year on year. There were further sharp rises in order intake in the higher-margin service business compared with the first quarter of 2021. Unlike in the prior-year period, currency effects increased order intake by a total of €43.9 million.
in € million |
Q1 |
Q1 |
Change |
||
|---|---|---|---|---|---|
Order intake |
843.2 |
829.8 |
1.6% |
||
Total revenue |
1,019.8 |
860.7 |
18.5% |
||
Order book1 |
3,695.4 |
3,792.2 |
–2.6% |
||
EBITDA |
92.5 |
116.6 |
–20.7% |
||
Adjusted EBITDA |
92.7 |
118.0 |
–21.5% |
||
EBIT |
52.2 |
80.5 |
–35.2% |
||
Adjusted EBIT |
74.0 |
101.7 |
–27.2% |
||
|
|
|
|
||
Adjusted EBITDA margin |
9.1% |
13.7% |
– |
||
Adjusted EBIT margin |
7.3% |
11.8% |
– |
||
|
|||||
Revenue
The total revenue of the Supply Chain Solutions segment grew by 18.5 percent year on year to €1,019.8 million (Q1 2021: €860.7 million). Despite the lack of stability in supply chains and the resulting shortages of materials, the segment was able to continue with ongoing customer projects, primarily in the e-commerce, grocery, and general merchandise sectors, leading to an increase in revenue of 18.6 percent in the long-term project business (business solutions). At 20.1 percent, the proportion of the segment’s external revenue attributable to the service business was almost unchanged year on year (Q1 2021: 19.9 percent). Currency effects increased segment revenue by €53.7 million.
Earnings
The adjusted EBIT of the Supply Chain Solutions segment was down year on year at €74.0 million (Q1 2021: €101.7 million). The main reasons for this were higher material prices and inefficiencies resulting from bottlenecks in the supply of bought-in parts. Consequently, the adjusted EBIT margin was 7.3 percent (Q1 2021: 11.8 percent). After taking into account non-recurring items and purchase price allocation effects, EBIT came to €52.2 million (Q1 2021: €80.5 million).
Adjusted EBITDA amounted to €92.7 million (Q1 2021: €118.0 million); the adjusted EBITDA margin fell to 9.1 percent (Q1 2021: 13.7 percent).