Group Headquarters & Group Services
Development of operations
millions of € |
|
|
|
|
|
|---|---|---|---|---|---|
|
Q1 2022 |
Q1 2021 |
Change |
Change % |
FY 2021 |
Total revenue |
604 |
625 |
(21) |
(3.4) |
2,515 |
Service revenue |
245 |
244 |
1 |
0.4 |
984 |
Profit (loss) from operations (EBIT) |
(369) |
(357) |
(12) |
(3.4) |
(1,764) |
Depreciation, amortization and impairment losses |
(379) |
(330) |
(49) |
(14.8) |
(1,463) |
EBITDA |
10 |
(27) |
37 |
n.a. |
(300) |
Special factors affecting EBITDA |
16 |
(26) |
42 |
n.a. |
(182) |
EBITDA (adjusted for special factors) |
(6) |
(2) |
(4) |
n.a. |
(118) |
EBITDA AL |
(72) |
(110) |
38 |
34.5 |
(622) |
Special factors affecting EBITDA AL |
13 |
(26) |
39 |
n.a. |
(182) |
EBITDA AL (adjusted for special factors) |
(85) |
(84) |
(1) |
(1.2) |
(440) |
Cash capex |
(235) |
(250) |
15 |
6.0 |
(1,007) |
Total revenue, service revenue
Total revenue in our Group Headquarters & Group Services segment in the first quarter of 2022 decreased by 3.4 % year-on-year, mainly as a result of lower revenue from land and buildings due to the ongoing optimization of space. Service revenue was at the level of the prior-year period.
Adjusted EBITDA AL, EBITDA AL
In the reporting period, adjusted EBITDA AL at our Group Headquarters & Group Services segment was on a par with the prior-year period, mainly as a result of lower revenue from land and buildings and, by contrast, lower operating expenses at our Group Services.
Overall, positive net special factors of EUR 13 million affected EBITDA AL in the reporting period, with the positive effect from the reduction of other provisions, including in connection with the termination of legal proceedings, offsetting expenses for staff-related measures. In the prior-year period, EBITDA AL was negatively impacted by special factors amounting to EUR 26 million, especially for staff-related measures.
EBIT
The year-on-year decline in EBIT of EUR 12 million to EUR ‑369 million was largely a result of two contrasting effects: the increase in depreciation, amortization and impairment losses on the one hand, and the positive development of EBITDA AL on the other. The increase in depreciation, amortization and impairment losses is mainly due to shorter project runtimes at Deutsche Telekom IT and higher capitalization in connection with the licensing of the ERP system.
Cash capex
Cash capex decreased by EUR 15 million year-on-year. Lower cash capex for vehicles was offset by higher investments in technology and innovation, primarily for development services.