3. Notes on Segment Reporting

In accordance with IFRS 8, segment information is based on the internal management and reporting structure. In terms of BLG LOGISTICS, this entails that segments are reported by division in line with the Group structure, i.e., the CONTAINER Division is still recognized as a separate segment in Segment Reporting and is eliminated again in the reconciliation column. At the same time, earnings from companies accounted for using the equity method, which primarily include the earnings of the CONTAINER Division, are reported as part of EBIT in line with internal management. This also applies to the other companies accounted for using the equity method.

Entire companies are each assigned to the AUTOMOBILE, CONTRACT and CONTAINER Divisions. These companies each represent operating segments that are grouped together for the purposes of reporting by division, as they operate in a similar economic environment and are very similar in their services, processes and customer groups.

The AUTOMOBILE Division is divided into business areas and the CONTRACT Division into regions. Responsibility for operational management, including earnings responsibility, lies with the respective business area or regional managers of the AUTOMOBILE and CONTRACT Divisions, and with the Group management of the EUROGATE GmbH & Co. KGaA, KG subgroup for the CONTAINER Division.

The AUTOMOBILE Division comprises the companies BLGAutoTerminal Bremerhaven GmbH & Co. KG, BLG AutoTerminal Deutschland GmbH & Co. KG, BLG AutoTransport GmbH & Co. KG and BLG AutoRail GmbH.

The major companies of the CONTRACT Division are BLG Industrielogistik GmbH & Co. KG, BLG Handelslogistik GmbH & Co. KG, BLG Cargo Logistics GmbH and BLG Sports & Fashion Logistics GmbH.

The CONTAINER Division includes the 50 percent stake in the operational management company EUROGATE GmbH & Co. KGaA, KG of the EUROGATE Group.

The operations of the divisions are described in detail in note 2.

BLG AG and BLG KG, as the management and financial holding companies of the BLG Group, are not operating segments as defined under IFRS 8. These central departments, with their assets, liabilities and earnings, are included in the reconciliation column. With regard to disclosures concerning employees, the central departments are referred to as “Services”. The relevant disclosures can be found in the Combined group management report.

BLG LOGISTICS predominantly conducts its activities in Germany. EUR 1,170,503 thousand of combined Group revenue (previous year: EUR 1,166,339 thousand) was attributable to Germany and EUR 50,161 thousand (previous year: EUR 43,696 thousand) to other countries. This allocation was based on the location at which the Group renders its services. EUR 513,154 thousand of the Group’s non-current intangible assets and property, plant and equipment (previous year: EUR 524,707 thousand) was attributable to Germany and EUR 19,418 thousand (previous year: EUR 18,895 thousand) to other countries.

Around 15 percent (previous year: 15 percent) of total combined Group revenue was generated with the Group’s largest customer in the AUTOMOBILE and CONTRACT Divisions. Of this, EUR 188,046 thousand (previous year: EUR 181,377 thousand) was attributable to Germany and EUR 923 thousand (previous year: EUR 170 thousand) to other countries. Around 12 percent (previous year: 12 percent) of total combined Group revenue was generated with the Group’s second-largest customer in the AUTOMOBILE and CONTRACT Divisions. Of this, EUR 141,034 thousand (previous year: EUR 134,249 thousand) was attributable to Germany and EUR 4,848 thousand (previous year: EUR 4,855 thousand) to other countries.

BLG LOGISTICS is managed on the basis of the financial data for the operating segments defined in accordance with IFRS; the accounting policies apply to the segments in the same way as to the entire Group. The key performance indicators for the segments are revenue, earnings before interest and taxes (EBIT), earnings before taxes (EBT) and the EBT margin. In addition, RoCE (Return on Capital Employed) is calculated at Group level.

Services are billed between segments in the same way as with third parties.

Depreciation and amortization relate to the segments’ property, plant and equipment, including right-of-use assets.

Segment assets do not include equity investments in companies accounted for using the equity method, or deferred and current taxes. No segment assets exist that are not required for operations. In line with internal control, intragroup subleases are recognized by the end user only.

Segment liabilities include lease liabilities, current liabilities necessary for financing, and provisions, excluding interest-bearing loans.

Capital expenditure relates to additions to property, plant and equipment, right-of-use assets and non-current intangible assets.

The reconciliation of the total of the reportable segments with the Group data was as follows for the main items of Segment Reporting:

Revenue with external third parties

EUR thousand

 

2024

 

2023

Total of the reportable segments

 

1,561,259

 

1,512,940

CONTAINER Division

 

-338,104

 

-301,914

Consolidation

 

-2,491

 

-991

Combined Group revenue

 

1,220,664

 

1,210,035

EBIT

EUR thousand

 

2024

 

2023

Total of the reportable segments

 

147,365

 

82,494

Central departments/other EBIT

 

-36,626

 

-26,031

CONTAINER Division

 

-76,072

 

-27,431

Consolidation

 

68,676

 

17,160

Combined Group EBIT

 

103,343

 

46,192

EBT

EUR thousand

 

2024

 

2023

Total of the reportable segments

 

129,545

 

64,132

Central departments/other EBT

 

113,605

 

21,592

CONTAINER Division

 

-68,034

 

-18,528

Consolidation

 

-83,325

 

-31,101

Combined Group segment earnings (EBT)

 

91,791

 

36,095

Assets

EUR thousand

 

2024

 

2023

Total of the reportable segments

 

1,469,182

 

1,416,383

Central departments/other assets

 

870,860

 

740,196

Equity investments of companies accounted for using the equity method

 

145,256

 

208,281

Deferred tax assets

 

12,908

 

9,910

Reimbursement rights Income taxes

 

4,202

 

3,862

CONTAINER Division

 

-537,018

 

-557,622

Consolidation

 

-557,350

 

-503,643

Combined Group assets (assets)

 

1,408,040

 

1,317,367

Liabilities

EUR thousand

 

2024

 

2023

Total of the reportable segments

 

1,153,862

 

1,018,091

Central departments/other liabilities

 

104,008

 

94,086

Equity

 

356,657

 

285,677

Non-current loans (not including the current portion)

 

137,582

 

151,856

Other non-current liabilities

 

62,482

 

60,392

Current portion of non-current loans

 

29,274

 

20,043

CONTAINER Division

 

-485,003

 

-403,202

Consolidation

 

49,178

 

90,425

Combined Group liabilities (liabilities)

 

1,408,040

 

1,317,368

Amortization
Recovery of invested capital through income.
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EBIT
Earnings before interest and taxes. EBIT is the operating result of a company for a financial year.
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EBT
Earnings before taxes. Output metric for determining earning power independently of uncontrollable tax effects. It is also suitable for measuring profitability in an international comparison.
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EBT margin
EBT divided by revenue. The EBT margin is an indicator of a company's efficiency and profitability.
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RoCE
Return on capital employed. Business key performance indicator that measures how efficiently companies use the capital invested. RoCE is calculated by dividing EBIT by the capital invested in the company.
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