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 year on year to €59.7 million (Q1 2022: €52.7 million).

Adjusted EBIT for the segment came to minus €28.0 million (Q1 2022: minus €4.6 million). Excluding internal income from equity investments, adjusted EBIT stood at minus €28.0 million, which was well below the figure for the prior-year period of minus €17.9 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 €21.8 million (Q1 2022: €1.6 million) or minus €21.8 million (Q1 2022: minus €11.7 million) if intra-group income from equity investments is excluded.

Key figures − Corporate Services

in € million

Q1
2023

Q1
2022

Change

Total revenue

59.7

52.7

13.3%

EBITDA

–22.3

–0.3

< –100%

Adjusted EBITDA

–21.8

1.6

< –100%

EBIT

–28.5

–6.4

< –100%

Adjusted EBIT

–28.0

–4.6

< –100%

Order intake

59.7

52.7

13.3%
Related Links
Services