In millions of euros |
|
Q1 2013/141 |
|
Q1 2014/15 |
|
Change |
|
|
04/01–06/30/2013 |
|
04/01–06/30/2014 |
|
in % |
|
|
|
|
|
|
|
Revenue |
|
723.3 |
|
679.3 |
|
–6.1 |
EBITDA |
|
107.9 |
|
106.7 |
|
–1.1 |
EBITDA margin |
|
14.9% |
|
15.7% |
|
|
EBIT |
|
80.0 |
|
79.6 |
|
–0.5 |
EBIT margin |
|
11.1% |
|
11.7% |
|
|
Employees (full-time equivalent) |
|
10,952 |
|
11,250 |
|
2.7 |
|
|
|
|
|
|
|
1 Business year 2013/14 retroactively adjusted due to the application of IFRS 11 “Joint Arrangements” and due to the change in the method of disclosure for results of entities consolidated according to the equity method (formerly reported as part of financial result, from April 1, 2014 onward, reported as part of EBIT). Further details are described under “General information/Accounting policies.“ |
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While the revenue of the Metal Engineering Division in the first quarter of 2014/15 declined markedly in comparison to the previous year’s figure, profitability remained at a high level. The primary reason for lower revenues was the scheduled closure of production of standard rails in Duisburg in the last business year; as a result, only a small remaining quantity of previously produced rails was delivered in the first quarter of 2014/15. Therefore, revenue dropped from EUR 723.3 million in the first quarter of 2013/14 to EUR 679.3 million in the quarter under review. EBITDA decreased only slightly from EUR 107.9 million to EUR 106.7 million, a decline of 1.1%, with the EBITDA margin increasing from 14.9% to 15.7% due to lower revenue. At EUR 79.6 million, EBIT remained practically unchanged compared to the previous year (EUR 80.0 million), resulting in an improvement of the EBIT margin from 11.1% to 11.7%.
As of the end of June 2014, the Metal Engineering Division had 11,250 employees (FTE); the number rose by 2.7% compared to the same reporting date in the previous year (10,952 employees) primarily due to acquisitions.