Corporate Services segment

Business performance

The Corporate Services segment comprises holding companies and other service companies that provide services such as IT and logistics across all segments.

Revenue and earnings

Total segment revenue, which came to €299.2 million (2017: €266.6 million), mainly resulted from internal IT and logistics services.

The segment reported adjusted EBIT of €369.6 million, compared with €532.4 million in the previous year. This sharp fall was attributable to higher intra-group dividend income in 2017. Adjusted EBIT excluding intra-group dividend income amounted to minus €45.8 million (2017: minus €54.1 million). Adjusted EBITDA came to €398.8 million, or minus €16.6 million if intra-group dividend income is excluded. > TABLE 017

Key figures – Corporate Services

 

 

017

in € million

2018

2017*

Change

*

Key figures for 2017 were restated due to the initial application of IFRS 15 and IFRS 16

Order intake

299.2

266.6

12.2%

Total revenue

299.2

266.6

12.2%

EBITDA

397.6

549.4

–27.6%

Adjusted EBITDA

398.8

557.9

–28.5%

EBIT

368.5

523.9

–29.7%

Adjusted EBIT

369.6

532.4

–30.6%