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Group Development

Development of operations

Development of operations – Group Development

millions of €

 

 

 

 

 

 

 

 

 

 

 

H1 2025

H1 2024

Change
%

Q1 2025

Q2 2025

Q2 2024

Change
%

FY 2024

Revenue

 

4

6

(39.3)

2

2

4

(58.4)

10

Service revenue

 

0

0

n.a.

0

0

0

n.a.

0

EBITDA

 

17

(9)

n.a.

(9)

26

(4)

n.a.

(36)

Special factors affecting EBITDAa

 

36

3

n.a.

0

36

1

n.a.

(5)

EBITDA (adjusted for special factors)

 

(18)

(11)

(61.3)

(8)

(10)

(5)

(98.3)

(32)

EBITDA AL

 

17

(9)

n.a.

(9)

26

(4)

n.a.

(36)

Special factors affecting EBITDA ALa

 

36

3

n.a.

0

36

1

n.a.

(5)

EBITDA AL (adjusted for special factors)

 

(18)

(11)

(61.3)

(8)

(10)

(5)

(98.3)

(32)

EBITDA AL margin (adjusted for special factors)

%

n.a.

n.a.

 

n.a.

n.a.

n.a.

 

n.a.

Depreciation, amortization and impairment losses

 

(1)

(1)

(27.0)

(1)

(1)

(1)

(19.5)

(3)

Profit (loss) from operations (EBIT)

 

16

(10)

n.a.

(9)

25

(5)

n.a.

(39)

Cash capex

 

(1)

(1)

6.6

(1)

(1)

(1)

(20.0)

(4)

Cash capex (before spectrum investment)

 

(1)

(1)

6.6

(1)

(1)

(1)

(20.0)

(4)

a

In the second quarter of 2025, this mainly comprised a retroactive deconsolidation gain in connection with the sale of an equity investment in the 2017 financial year.

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. The segment currently does not provide a significant contribution to the Group’s operational development. We therefore provide no corresponding explanation for this segment.