Systems Solutions
Order entry
millions of € |
|
|
|
|
|
Q1 2025 |
FY 2024 |
Q1 2024 |
Change |
|---|---|---|---|---|
Order entry |
963 |
4,020 |
823 |
17.0 |
Development of business
In the reporting period, our systems solutions business continued to focus on growth and future viability.
Order entry in our Systems Solutions operating segment was up by 17.0 % year-on-year in the first quarter of 2025. This development is mainly attributable to increased order entry in the Cloud, Digital, and Road Charging portfolio areas.
Development of operations
millions of € |
|
|
|
|
|
|
|
|
Q1 2025 |
Q1 2024 |
Change |
Change |
FY 2024 |
|---|---|---|---|---|---|---|
Revenue |
|
1,009 |
993 |
16 |
1.7 |
4,004 |
Of which: external revenue |
|
850 |
843 |
7 |
0.8 |
3,377 |
Service revenue |
|
1,008 |
973 |
35 |
3.6 |
3,883 |
EBITDA |
|
79 |
77 |
2 |
2.7 |
344 |
Special factors affecting EBITDA |
|
(25) |
(23) |
(1) |
(5.7) |
(118) |
EBITDA (adjusted for special factors) |
|
104 |
100 |
3 |
3.4 |
462 |
EBITDA AL |
|
56 |
54 |
2 |
3.9 |
251 |
Special factors affecting EBITDA AL |
|
(25) |
(23) |
(1) |
(5.7) |
(118) |
EBITDA AL (adjusted for special factors) |
|
81 |
77 |
3 |
4.4 |
369 |
EBITDA AL margin (adjusted for special factors) |
% |
8.0 |
7.8 |
|
|
9.2 |
Depreciation, amortization and impairment losses |
|
(61) |
(59) |
(2) |
(3.3) |
(237) |
Profit (loss) from operations (EBIT) |
|
18 |
18 |
0 |
0.8 |
107 |
EBIT margin |
% |
1.8 |
1.8 |
|
|
2.7 |
Cash capex |
|
(57) |
(63) |
6 |
9.5 |
(229) |
Cash capex (before spectrum investment) |
|
(57) |
(63) |
6 |
9.5 |
(229) |
Revenue, service revenue
Revenue in our Systems Solutions operating segment in the first quarter of 2025 amounted to EUR 1.0 billion, up 1.7 % year-on-year, mainly due to growth in the Digital and Road Charging portfolio areas. External revenue increased by 0.8 %, also driven by the Digital and Road Charging portfolio areas. Service revenue also developed positively, increasing by 3.6 %.
Adjusted EBITDA AL, EBITDA AL
In the first quarter of 2025, adjusted EBITDA AL at our Systems Solutions operating segment increased by 4.4 % year-on-year to EUR 81 million. The increase in adjusted EBITDA AL is mainly attributable to revenue growth in the Digital and Road Charging areas. EBITDA AL increased by EUR 2 million compared with the prior-year period to EUR 56 million. The expense arising from special factors increased by EUR 2 million year-on-year to EUR 25 million, mainly as a result of higher restructuring costs.
Profit/loss from operations (EBIT)
EBIT in our Systems Solutions operating segment remained unchanged against the prior-year period at EUR 18 million. The operational improvement was offset by higher depreciation, amortization and impairment losses.
Cash capex (before spectrum investment), cash capex
Cash capex in the Systems Solutions operating segment stood at EUR 57 million in the first quarter of 2025, down EUR 6 million against the prior-year period. This trend mainly resulted from lower capital expenditure in the Digital portfolio area.