Group Headquarters & Group Services
Development of operations
millions of € |
|
|
|
|
|
||
|---|---|---|---|---|---|---|---|
|
Q1 2023 |
Q1 2022 |
Change |
Change % |
FY 2022 |
||
Revenue |
578 |
604 |
(26) |
(4.3) |
2,407 |
||
Service revenuea |
242 |
257 |
(15) |
(5.8) |
1,026 |
||
EBITDA |
(146) |
10 |
(156) |
n.a. |
(361) |
||
Special factors affecting EBITDA |
(42) |
16 |
(58) |
n.a. |
(234) |
||
EBITDA (adjusted for special factors) |
(104) |
(6) |
(98) |
n.a. |
(128) |
||
EBITDA AL |
(218) |
(72) |
(146) |
n.a. |
(672) |
||
Special factors affecting EBITDA AL |
(42) |
13 |
(55) |
n.a. |
(234) |
||
EBITDA AL (adjusted for special factors) |
(176) |
(85) |
(91) |
n.a. |
(437) |
||
Depreciation, amortization and impairment losses |
(354) |
(379) |
25 |
6.6 |
(1,476) |
||
Profit (loss) from operations (EBIT) |
(499) |
(369) |
(130) |
(35.2) |
(1,837) |
||
Cash capex |
(259) |
(235) |
(24) |
(10.2) |
(973) |
||
Cash capex (before spectrum investment) |
(259) |
(235) |
(24) |
(10.2) |
(973) |
||
|
|||||||
Revenue, service revenue
Revenue in our Group Headquarters & Group Services segment in the first quarter of 2023 decreased by 4.3 % year-on-year, mainly as a result of lower intragroup revenues from land and buildings due to the ongoing optimized use of space as well as to lower intragroup service revenues at Deutsche Telekom IT on account of a reduced revenue-relevant cost basis. By contrast, the reassignment of units in connection with the bundling of finance functions that were still assigned to the Germany operating segment in the first quarter of 2022 had an increasing effect on revenue. Against this background, organic revenue decreased by 6.1 % compared with the prior-year period.
Adjusted EBITDA AL, EBITDA AL
Adjusted EBITDA AL in the Group Headquarters & Group Services segment declined by EUR 91 million in the reporting period to EUR ‑176 million, primarily due to higher intragroup reimbursements and lower revenue from land and buildings.
Overall, EBITDA AL was negatively impacted in the reporting period by special factors amounting to EUR 42 million, especially for staff-related measures. In the prior-year period, EBITDA AL had benefited from positive net special factors of EUR 13 million, 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.
Profit/loss from operations (EBIT)
The year-on-year decrease of EUR 130 million in EBIT to EUR ‑499 million was mainly due to the decline in EBITDA AL. Depreciation, amortization and impairment losses were down by contrast, largely due to the lower capital expenditure in the Technology and Innovation Board of Management department on the one hand and shorter project runtimes at Deutsche Telekom IT on the other.
Cash capex (before spectrum investment), cash capex
Cash capex increased by EUR 24 million year-on-year, primarily owing to higher capital expenditure in the Technology and Innovation Board of Management department in the first quarter of 2023.