Corporate Services

Business performance

Corporate Services comprises holding companies and other service companies that provide services such as IT and general administration across all segments.

Corporate Services’ total revenue amounted to €72.1 million (Q1 2023: €59.7 million). Its adjusted EBIT deteriorated to minus €30.9 million (Q1 2023: minus €28.0 million), largely because of increased expenditure on strategic projects and higher personnel expenses including variable remuneration components. Adjusted EBITDA stood at minus €24.3 million (Q1 2023: minus €21.8 million).

Key figures − Corporate Services

in € million

Q1
2024

Q1
2023

Change

Total revenue

72.1

59.7

20.7%

EBITDA

–21.8

–22.3

2.1%

Adjusted EBITDA

–24.3

–21.8

–11.6%

EBIT

–28.3

–28.5

0.5%

Adjusted EBIT

–30.9

–28.0

–10.2%

Order intake

72.1

59.7

12.4
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