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 |
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in € million |
2018 |
2017* |
Change |
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|
|||||
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% |