Corporate Services segment
Business performance
The Corporate Services segment comprises holding companies and other service companies that provide services such as IT and general administration across all segments.
Revenue and earnings
Total segment revenue increased to €85.3 million (H1 2020: €79.2 million).
Adjusted EBIT for the segment fell to minus €20.4 million (H1 2020: €3.7 million). In the first six months of the pandemic-hit year of 2020, personnel expenses attributable to variable remuneration components were much lower than in the current reporting period, which was one of the contributory factors to the fall in adjusted EBIT. Excluding internal income from equity investments, adjusted EBIT amounted to minus €43.6 million (H1 2020: minus €22.0 million). Adjusted EBITDA stood at minus €7.4 million (H1 2020: €18.0 million) or minus €30.6 million (H1 2020: minus €7.8 million) excluding intra-group income from equity investments.
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
||
|---|---|---|---|---|---|---|---|---|
Order intake |
41.6 |
39.8 |
4.7% |
85.3 |
79.2 |
7.7% |
||
Total revenue |
41.6 |
39.8 |
4.7% |
85.3 |
79.2 |
7.7% |
||
EBITDA |
6.3 |
22.6 |
–72.2% |
–3.8 |
16.6 |
< –100% |
||
Adjusted EBITDA |
2.4 |
23.3 |
–89.9% |
–7.4 |
18.0 |
< –100% |
||
EBIT |
–0.2 |
15.5 |
< –100% |
–16.8 |
2.4 |
< –100% |
||
Adjusted EBIT |
–4.2 |
16.1 |
< –100% |
–20.4 |
3.7 |
< –100% |
||
|
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