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 €334.1 million (2018: €299.2 million), mainly resulted from internal IT and logistics services.
The segment’s adjusted EBIT was down year on year at €315.1 million (2018: €369.6 million). This was a reflection of lower intra-group dividend income compared with 2018 and an increase in administrative expenses resulting from implementation of the KION 2027 strategy. Adjusted EBIT excluding intra-group dividend income amounted to minus €72.9 million (2018: minus €45.8 million). Adjusted EBITDA stood at €347.0 million, or minus €41.1 million if intra-group dividend income is excluded (2018: €398.8 million, or minus €16.6 million). > TABLE 016
in € million |
2019 |
2018 |
Change |
|---|---|---|---|
Order intake |
334.1 |
299.2 |
11.6% |
Total revenue |
334.1 |
299.2 |
11.6% |
EBITDA |
345.1 |
397.6 |
–13.2% |
Adjusted EBITDA |
347.0 |
398.8 |
–13.0% |
EBIT |
313.2 |
368.5 |
–15.0% |
Adjusted EBIT |
315.1 |
369.6 |
–14.7% |