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 €128.9 million (Q1–Q3 2020: €120.9 million).

Adjusted EBIT for the segment rose to €36.7 million (Q1–Q3 2020: €3.0 million). Higher personnel expenses attributable to variable remuneration components and increased costs in connection with groupwide strategic projects were more than offset by a sharp rise in internal income from equity investments. Excluding internal income from equity investments, adjusted EBIT amounted to minus €68.3 million (Q1–Q3 2020: minus €29.3 million). Adjusted EBITDA stood at €56.2 million (Q1–Q3 2020: €25.3 million) or minus €48.9 million (Q1–Q3 2020: minus €7.0 million) excluding intra-group income from equity investments.

Key figures − Corporate Services

in € million

Q3
2021

Q3
20201

Change

Q1 – Q3
2021

Q1 – Q3
20201

Change

Order intake

43.6

41.7

4.7%

128.9

120.9

6.7%

Total revenue

43.6

41.7

4.7%

128.9

120.9

6.7%

EBITDA

62.5

6.8

> 100%

58.7

23.4

> 100%

Adjusted EBITDA

63.6

7.4

> 100%

56.2

25.3

> 100%

EBIT

56.1

–1.3

> 100%

39.3

1.1

> 100%

Adjusted EBIT

57.1

–0.7

> 100%

36.7

3.0

> 100%

1

Effective January 1, 2021, the logistics service companies were transferred from the Corporate Services segment to the Industrial Trucks & Services segment. The 2020 segment figures have been adjusted accordingly.