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.

Key figures − Corporate Services

in € million

Q3
2022

Q3
2021

Change

Q1 – Q3
2022

Q1 – Q3
2021

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%