Linde Material Handling segment

Despite negative currency effects, order intake in the Linde Material Handling (LMH) segment amounted to €843.5 million in the quarter under review, which was on a par with the high level reported a year earlier (Q1 2015: €843.8 million).

Segment revenue improved by 3.5 per cent to €814.9 million (Q1 2015: €787.3 million). The main factor in this increase was higher unit sales of counterbalance trucks. Revenue from the service and rental businesses also went up.

At €87.4 million, adjusted EBIT was substantially higher than in the prior-year quarter (Q1 2015: €77.8 million). This was due, above all, to revenue growth in France and Germany and to moderate margin improvements. Consequently, the adjusted EBIT margin increased to 10.7 per cent (Q1 2015: 9.9 per cent). > TABLE 08

Key figures − LMH −

 

 

08

in € million

Q1 2016

Q1 2015

Change

Order intake

843.5

843.8

–0.0%

Revenue

814.9

787.3

3.5%

EBITDA

127.1

114.5

11.0%

Adjusted EBITDA

126.9

115.8

9.6%

EBIT

81.9

70.6

16.0%

Adjusted EBIT

87.4

77.8

12.3%

 

 

 

 

Adjusted EBITDA margin

15.6%

14.7%

Adjusted EBIT margin

10.7%

9.9%