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 €52.7 million (Q1 2021: €43.7 million).

Adjusted EBIT for the segment improved to minus €4.6 million (Q1 2021: minus €16.2 million). A fall in personnel expenses in relation to variable remuneration components was offset by higher administrative expenses. The main reason for the improvement in earnings compared with the prior-year quarter was therefore an increase in dividend payments from subsidiaries. Excluding internal income from equity investments, adjusted EBIT amounted to minus €17.9 million (Q1 2021: minus €17.7 million). Adjusted EBITDA stood at €1.6 million (Q1 2021: minus €9.7 million) or minus €11.7 million (Q1 2021: minus €11.3 million) if intra-group income from equity investments is excluded.

Key figures − Corporate Services

in € million

Q1
2022

Q1
2021

Change

Order intake

52.7

43.7

20.7%

Total revenue

52.7

43.7

20.7%

EBITDA

–0.3

–10.1

97.3%

Adjusted EBITDA

1.6

–9.7

> 100%

EBIT

–6.4

–16.6

61.3%

Adjusted EBIT

–4.6

–16.2

71.9%