Corporate Services segment

Business performance

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

Revenue and earnings

Total revenue for the segment increased moderately to €262.6 million (Q1–Q3 2019: €250.6 million).

Adjusted EBIT for the segment came to €7.1 million (Q1–Q3 2019: €86.0 million) and included intra-group dividend income of €32.4 million (Q1–Q3 2019: €133.8 million). Excluding intra-group dividend income, adjusted EBIT was minus €25.3 million (Q1–Q3 2019: minus €47.8 million); lower personnel expenses contributed to this improvement. Adjusted EBITDA stood at €33.9 million, or €1.5 million if intra-group dividend income is excluded (Q1–Q3 2019: €109.6 million, or minus €24.2 million).

Key figures − Corporate Services

in € million

Q3
2020

Q3
2019

Change

Q1 – Q3
2020

Q1 – Q3
2019

Change

Order intake

88.9

93.8

–5.2%

262.6

250.6

4.8%

Total revenue

88.9

93.8

–5.2%

262.6

250.6

4.8%

EBITDA

10.0

1.4

>100%

32.0

109.2

–70.7%

Adjusted EBITDA

10.6

1.7

>100%

33.9

109.6

–69.1%

EBIT

0.4

–7.1

>100%

5.2

85.6

–93.9%

Adjusted EBIT

1.0

–6.9

>100%

7.1

86.0

–91.8%