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.
in € million |
Q1 |
Q1 |
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% |