Group Headquarters & Group Services
Development of operations
millions of € |
|
|
|
|
|
|
Q1 2025 |
Q1 2024 |
Change |
Change |
FY 2024 |
|---|---|---|---|---|---|
Revenue |
549 |
546 |
2 |
0.5 |
2,226 |
Service revenue |
243 |
236 |
7 |
2.9 |
972 |
EBITDA |
(115) |
(138) |
23 |
17.0 |
(816) |
Special factors affecting EBITDA |
(8) |
(37) |
29 |
78.2 |
(301) |
EBITDA (adjusted for special factors) |
(106) |
(101) |
(6) |
(5.5) |
(515) |
EBITDA AL |
(174) |
(205) |
31 |
15.2 |
(1,103) |
Special factors affecting EBITDA AL |
(8) |
(37) |
29 |
78.2 |
(301) |
EBITDA AL (adjusted for special factors) |
(166) |
(168) |
2 |
1.4 |
(801) |
Depreciation, amortization and impairment losses |
(287) |
(301) |
14 |
4.6 |
(1,242) |
Profit (loss) from operations (EBIT) |
(402) |
(439) |
37 |
8.5 |
(2,058) |
Cash capex |
(210) |
(199) |
(10) |
(5.3) |
(833) |
Cash capex (before spectrum investment) |
(210) |
(199) |
(10) |
(5.3) |
(833) |
Revenue, service revenue
Revenue and service revenue in our Group Headquarters & Group Services segment were slightly up against the prior-year period in the first quarter of 2025.
Adjusted EBITDA AL, EBITDA AL
In the first quarter of 2025, adjusted EBITDA AL was slightly up against the level of the prior-year period at EUR ‑166 million. Overall, special factors negatively affecting EBITDA AL – in particular due to staff-related measures – totaled EUR 8 million in the reporting period and EUR 37 million in the prior-year period.
Profit/loss from operations (EBIT)
The year-on-year improvement in EBIT by EUR 37 million to EUR ‑402 million was largely due to the positive development of EBITDA. Furthermore, depreciation, amortization and impairment losses decreased, mainly due to a lower capitalization rate for own capitalized costs in connection with IT projects.
Cash capex (before spectrum investment), cash capex
Cash capex increased by EUR 10 million year-on-year, primarily due to higher cash capex for vehicles.