Corporate Services segment
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 rose to €145.3 million in the reporting period (H1 2023: €129.2 million). Its adjusted EBIT deteriorated to minus €61.8 million (H1 2023: minus €36.4 million), largely because of increased expenditure on strategic projects and higher personnel expenses, including variable remuneration components. Adjusted EBITDA stood at minus €48.5 million (H1 2023: minus €23.8 million).
in € million |
Q2 |
Q2 |
Change |
Q1 – Q2 |
Q1 – Q2 |
Change |
|---|---|---|---|---|---|---|
Total revenue |
73.2 |
69.6 |
5.3% |
145.3 |
129.2 |
12.4% |
EBITDA |
–24.7 |
–2.9 |
< –100% |
–46.5 |
–25.2 |
–84.5% |
Adjusted EBITDA |
–24.1 |
–2.0 |
< –100% |
–48.5 |
–23.8 |
< –100% |
EBIT |
–31.5 |
–9.3 |
< –100% |
–59.9 |
–37.8 |
–58.4% |
Adjusted EBIT |
–31.0 |
–8.4 |
< –100% |
–61.8 |
–36.4 |
–70.0% |
Order intake |
73.2 |
69.6 |
3.7 |
145.3 |
129.2 |
16.0 |