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.
Adjusted EBIT for the segment came to minus €36.4 million (H1 2022: €94.7 million). Excluding internal income from equity investments, adjusted EBIT in the first six months of 2023 came to minus €45.3 million, which was below the figure for the prior-year period of minus €36.0 million. This was due to expenditure on strategic projects and an increase in personnel expenses in connection with variable remuneration components. Adjusted EBITDA stood at minus €23.8 million (H1 2022: €107.2 million) or minus €32.7 million (H1 2022: minus €23.5 million) if intragroup income from equity investments is excluded.
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
|---|---|---|---|---|---|---|
Total revenue |
69.6 |
52.9 |
31.5% |
129.2 |
105.6 |
22.4% |
EBITDA |
–2.9 |
104.9 |
< –100% |
–25.2 |
104.6 |
< –100% |
Adjusted EBITDA |
–2.0 |
105.6 |
< –100% |
–23.8 |
107.2 |
< –100% |
EBIT |
–9.3 |
98.6 |
< –100% |
–37.8 |
92.1 |
< –100% |
Adjusted EBIT |
–8.4 |
99.3 |
< –100% |
–36.4 |
94.7 |
< –100% |
Order intake |
69.6 |
52.9 |
16.7 |
129.2 |
105.6 |
23.7 |