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 €159.0 million in the first three quarters of the year (Q1–Q3 2021: €128.9 million).
Adjusted EBIT for the segment came to €139.5 million (Q1–Q3 2021: €36.7 million). This sharp increase was due to higher internal income from equity investments. Excluding internal income from equity investments, adjusted EBIT amounted to minus €58.0 million (Q1–Q3 2021: minus €68.3 million). This improvement was largely due to significantly lower personnel expenses in connection with variable remuneration components. Adjusted EBITDA stood at €160.5 million (Q1–Q3 2021: €56.2 million) or minus €37.0 million (Q1–Q3 2021: minus €48.9 million) if intra-group income from equity investments is excluded.
in € million |
Q3 |
Q3 |
Change |
Q1 – Q3 |
Q1 – Q3 |
Change |
|---|---|---|---|---|---|---|
Order intake |
53.4 |
43.6 |
22.4% |
159.0 |
128.9 |
23.3% |
Total revenue |
53.4 |
43.6 |
22.4% |
159.0 |
128.9 |
23.3% |
EBITDA |
52.7 |
62.5 |
–15.7% |
157.3 |
58.7 |
> 100% |
Adjusted EBITDA |
53.3 |
63.6 |
–16.1% |
160.5 |
56.2 |
> 100% |
EBIT |
44.2 |
56.1 |
–21.3% |
136.3 |
39.3 |
> 100% |
Adjusted EBIT |
44.8 |
57.1 |
–21.7% |
139.5 |
36.7 |
> 100% |