Group Headquarters & Group Services
Development of operations
millions of € |
|
|
|
|
|
|
|
|
|
|
Q1-Q3 |
Q1-Q3 |
Change |
Q1 2025 |
Q2 2025 |
Q3 2025 |
Q3 2024 |
Change |
FY 2024 |
|---|---|---|---|---|---|---|---|---|---|
Revenue |
1,637 |
1,659 |
(1.4) |
549 |
551 |
537 |
552 |
(2.8) |
2,226 |
Service revenue |
729 |
715 |
2.0 |
243 |
244 |
243 |
239 |
1.6 |
972 |
EBITDA |
(397) |
(458) |
13.3 |
(115) |
(147) |
(136) |
(138) |
1.8 |
(816) |
Special factors affecting EBITDA |
(90) |
(191) |
52.7 |
(8) |
(49) |
(34) |
(58) |
42.2 |
(301) |
EBITDA (adjusted for special factors) |
(307) |
(267) |
(15.0) |
(106) |
(98) |
(102) |
(80) |
(27.5) |
(515) |
EBITDA AL |
(572) |
(671) |
14.8 |
(174) |
(206) |
(193) |
(212) |
9.2 |
(1,103) |
Special factors affecting EBITDA AL |
(90) |
(191) |
52.7 |
(8) |
(49) |
(34) |
(58) |
42.2 |
(301) |
EBITDA AL (adjusted for special factors) |
(482) |
(480) |
(0.4) |
(166) |
(157) |
(159) |
(154) |
(3.3) |
(801) |
Depreciation, amortization and impairment losses |
(863) |
(914) |
5.5 |
(287) |
(290) |
(286) |
(309) |
7.6 |
(1,242) |
Profit (loss) from operations (EBIT) |
(1,260) |
(1,372) |
8.1 |
(402) |
(437) |
(421) |
(447) |
5.8 |
(2,058) |
Cash capex |
(631) |
(597) |
(5.7) |
(210) |
(217) |
(204) |
(202) |
(1.1) |
(833) |
Cash capex (before spectrum investment) |
(631) |
(597) |
(5.7) |
(210) |
(217) |
(204) |
(202) |
(1.1) |
(833) |
Revenue, service revenue
Revenue in our Group Headquarters & Group Services segment decreased by 1.4 % in the first nine months of 2025, mainly as a result of lower intragroup revenue from land and buildings due to the ongoing optimization of space. This was offset by increased service revenue owing to a higher cost basis for intragroup settlements and additional issues at Deutsche Telekom IT.
Adjusted EBITDA AL, EBITDA AL
At EUR ‑482 million, adjusted EBITDA AL in the reporting period was more or less at the prior-year level. We were able to almost entirely offset the decline in intragroup revenue from land and buildings due to the ongoing optimization of space, mainly due to lower operating expenses at our Group Services. Overall, special factors negatively affecting EBITDA AL – in particular due to socially responsible staff-related measures – totaled EUR 90 million in the reporting period and EUR 191 million in the prior-year period.
Profit/loss from operations (EBIT)
The year-on-year improvement in EBIT by EUR 111 million to EUR ‑1,260 million was largely due to the positive development of EBITDA. Furthermore, depreciation, amortization and impairment losses decreased, mainly in the area of land and buildings as a result of the ongoing optimization of our real estate portfolio, and 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 34 million year-on-year, primarily due to higher cash capex for vehicles.