Group Headquarters & Group Services
Development of operations
millions of € |
|
|
|
|
|
|
2024 |
2023 |
Change |
Change |
2022 |
|---|---|---|---|---|---|
Revenue |
2,226 |
2,305 |
(79) |
(3.4) |
2,407 |
Service revenue |
972 |
1,024 |
(51) |
(5.0) |
1,026 |
EBITDA |
(816) |
(522) |
(295) |
(56.4) |
(361) |
Special factors affecting EBITDA |
(301) |
(199) |
(102) |
(51.3) |
(234) |
EBITDA (adjusted for special factors) |
(515) |
(323) |
(192) |
(59.6) |
(128) |
EBITDA AL |
(1,103) |
(808) |
(295) |
(36.5) |
(672) |
Special factors affecting EBITDA AL |
(301) |
(199) |
(102) |
(51.3) |
(234) |
EBITDA AL (adjusted for special factors) |
(801) |
(609) |
(193) |
(31.6) |
(437) |
Depreciation, amortization and impairment losses |
(1,242) |
(1,352) |
110 |
8.1 |
(1,476) |
Profit (loss) from operations (EBIT) |
(2,058) |
(1,874) |
(184) |
(9.8) |
(1,837) |
Cash capex |
(833) |
(969) |
136 |
14.0 |
(973) |
Cash capex (before spectrum investment) |
(833) |
(969) |
136 |
14.0 |
(973) |
Revenue, service revenue
Revenue in our Group Headquarters & Group Services segment decreased in the reporting year by 3.4 %, mainly as a result of lower intragroup service revenues at Deutsche Telekom IT on account of a reduced revenue-relevant cost basis, which was primarily due to fewer commissions of IT projects. Furthermore, intragroup revenue from land and buildings declined due to the ongoing optimization of space.
Adjusted EBITDA AL, EBITDA AL
Adjusted EBITDA AL in the Group Headquarters & Group Services segment declined by EUR 193 million in 2024 to EUR ‑801 million, mainly due to a lower capitalization rate for own capitalized costs and to higher infrastructure costs, both at Deutsche Telekom IT, as well as to various one-time effects. Furthermore, revenue from land and buildings declined due to the ongoing optimization of space. Overall, special factors negatively affecting EBITDA AL – in particular due to staff-related measures – totaled EUR 301 million in the reporting year and EUR 199 million in the prior year.
Profit/loss from operations (EBIT)
The year-on-year decrease of EUR 184 million in EBIT to EUR ‑2,058 million was largely due to the decline in EBITDA AL. Depreciation, amortization and impairment losses were down by contrast, mainly due to fewer commissions of IT projects and to a lower capitalization rate for own capitalized costs. In addition, impairment losses on software used by the Systems Solutions operating segment were recognized in the prior year.
Cash capex (before spectrum investment), cash capex
Cash capex decreased year-on-year by EUR 136 million, primarily due to lower cash capex in the Technology and Innovation Board of Management department on account of fewer commissions of IT projects at Deutsche Telekom IT.