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 €105.6 million in the first half of 2022 (H1 2021: €85.3 million).
Adjusted EBIT for the segment came to €94.7 million (H1 2021: minus €20.4 million). This significant improvement in earnings was largely due to dividend payments from subsidiaries being received earlier than in the previous year. Moreover, a sharp fall in personnel expenses in relation to variable remuneration components reduced administrative expenses. Excluding internal income from equity investments, adjusted EBIT amounted to minus €36.0 million (H1 2021: minus €43.6 million). Adjusted EBITDA stood at €107.2 million (H1 2021: minus €7.4 million) or minus €23.5 million (H1 2021: minus €30.6 million) if intra-group income from equity investments is excluded.
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
|---|---|---|---|---|---|---|
Order intake |
52.9 |
41.6 |
27.0% |
105.6 |
85.3 |
23.8% |
Total revenue |
52.9 |
41.6 |
27.0% |
105.6 |
85.3 |
23.8% |
EBITDA |
104.9 |
6.3 |
> 100% |
104.6 |
–3.8 |
> 100% |
Adjusted EBITDA |
105.6 |
2.4 |
> 100% |
107.2 |
–7.4 |
> 100% |
EBIT |
98.6 |
–0.2 |
> 100% |
92.1 |
–16.8 |
> 100% |
Adjusted EBIT |
99.3 |
–4.2 |
> 100% |
94.7 |
–20.4 |
> 100% |