Group Headquarters & Group Services
Development of operations
millions of € |
|
|
|
|
|
|
|
|
|
|
Q1-Q3 |
Q1-Q3 |
Change |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q3 2023 |
Change |
FY 2023 |
|---|---|---|---|---|---|---|---|---|---|
Revenue |
1,659 |
1,718 |
(3.4) |
546 |
561 |
552 |
588 |
(6.1) |
2,305 |
Service revenue |
715 |
756 |
(5.4) |
236 |
240 |
239 |
274 |
(12.8) |
1,024 |
EBITDA |
(458) |
(297) |
(54.1) |
(138) |
(182) |
(138) |
(44) |
n.a. |
(522) |
Special factors affecting EBITDA |
(191) |
(92) |
n.a. |
(37) |
(96) |
(58) |
(12) |
n.a. |
(199) |
EBITDA (adjusted for special factors) |
(267) |
(205) |
(30.1) |
(101) |
(86) |
(80) |
(32) |
n.a. |
(323) |
EBITDA AL |
(671) |
(514) |
(30.6) |
(205) |
(254) |
(212) |
(117) |
(81.2) |
(808) |
Special factors affecting EBITDA AL |
(191) |
(92) |
n.a. |
(37) |
(96) |
(58) |
(12) |
n.a. |
(199) |
EBITDA AL (adjusted for special factors) |
(480) |
(422) |
(13.8) |
(168) |
(158) |
(154) |
(105) |
(46.7) |
(609) |
Depreciation, amortization and impairment losses |
(914) |
(995) |
8.2 |
(301) |
(304) |
(309) |
(325) |
5.0 |
(1,352) |
Profit (loss) from operations (EBIT) |
(1,372) |
(1,293) |
(6.1) |
(439) |
(485) |
(447) |
(370) |
(21.0) |
(1,874) |
Cash capex |
(597) |
(721) |
17.3 |
(199) |
(196) |
(202) |
(228) |
11.5 |
(969) |
Cash capex (before spectrum investment) |
(597) |
(721) |
17.3 |
(199) |
(196) |
(202) |
(228) |
11.5 |
(969) |
Revenue, service revenue
Revenue in our Group Headquarters & Group Services segment decreased in the reporting period by 3.4 %, mainly as a result of lower intragroup service revenues at Deutsche Telekom IT on account of a reduced revenue-relevant cost basis, which was primarily due to fewer commissions of IT projects. Furthermore, intragroup revenue from land and buildings declined due to the ongoing optimization of space.
Adjusted EBITDA AL, EBITDA AL
Adjusted EBITDA AL in the Group Headquarters & Group Services segment declined by EUR 58 million in the reporting period to EUR -480 million. This decrease is mainly due to a lower capitalization rate for own capitalized costs and higher infrastructure costs, both at Deutsche Telekom IT. Furthermore, revenue from land and buildings declined due to the ongoing optimization of space. These negative effects were offset in part by the lower operational expenses in our Group Services. Overall, special factors negatively affecting EBITDA AL – in particular due to staff-related measures – totaled EUR 191 million in the reporting period and EUR 92 million in the prior-year period.
Profit/loss from operations (EBIT)
The year-on-year decrease of EUR 79 million in EBIT to EUR -1,372 million was largely due to the decline in EBITDA AL. Depreciation, amortization and impairment losses were down by contrast, mainly in connection with declines in the licensing of the Group-wide ERP system, as well as by fewer commissions of IT projects.
Cash capex (before spectrum investment), cash capex
Cash capex decreased by EUR 124 million year-on-year, primarily due to lower cash capex in the Technology and Innovation Board of Management department on account of fewer commissions of IT projects.