Group Development
Development of operations
millions of € |
|
|
|
|
|
|
|---|---|---|---|---|---|---|
|
|
Q1 2024 |
Q1 2023 |
Change |
Change % |
FY 2023 |
Revenue |
|
2 |
102 |
(100) |
(98.0) |
115 |
Of which: GD Towers |
|
0 |
99 |
(99) |
(100.0) |
99 |
Service revenue |
|
0 |
0 |
0 |
n.a. |
0 |
EBITDA |
|
(4) |
13,011 |
(13,015) |
n.a. |
13,220 |
Special factors affecting EBITDA |
|
2 |
12,941 |
(12,939) |
(100.0) |
13,170 |
EBITDA (adjusted for special factors) |
|
(6) |
70 |
(76) |
n.a. |
50 |
Of which: GD Towers |
|
0 |
78 |
(78) |
(100.0) |
78 |
EBITDA AL |
|
(4) |
13,006 |
(13,010) |
n.a. |
13,215 |
Special factors affecting EBITDA AL |
|
2 |
12,941 |
(12,939) |
(100.0) |
13,170 |
EBITDA AL (adjusted for special factors) |
|
(6) |
65 |
(71) |
n.a. |
45 |
Of which: GD Towers |
|
0 |
73 |
(73) |
(100.0) |
73 |
EBITDA AL margin (adjusted for special factors) |
% |
n.a. |
63.7 |
|
|
39.1 |
Depreciation, amortization and impairment losses |
|
(1) |
(1) |
0 |
0.0 |
(2) |
Profit (loss) from operations (EBIT) |
|
(5) |
13,010 |
(13,015) |
n.a. |
13,217 |
Cash capex |
|
(1) |
(18) |
17 |
94.4 |
(24) |
Cash capex (before spectrum investment) |
|
(1) |
(18) |
17 |
94.4 |
(24) |
The sale of the GD Towers business entity was consummated on February 1, 2023. Since that date, GD Towers has not been part of the Group. The development of operations for the prior year contains the value contributions up to and including January 2023.
For further information on the presentation of GD Towers in the prior year, please refer to the section “Group organization, strategy, and management.”
The comparison of the 2024 financial year with the prior year is significantly influenced by the sale of GD Towers. The gain on deconsolidation resulting from the transaction amounted to EUR 12.9 billion and is included in EBITDA and the associated performance indicators.
The goal of our Group Development operating segment is to actively manage entities and equity investments to grow their value. For this reason, entities such as Deutsche Telekom Capital Partners and Comfort Charge are assigned to this segment.