Group Headquarters & Group Services
Development of operations
millions of € |
|
|
|
|
|
|
|
|
|
|
Q1-Q3 |
Q1-Q3 |
Change |
Q1 |
Q2 |
Q3 |
Q3 |
Change |
FY |
|---|---|---|---|---|---|---|---|---|---|
Revenue |
1,577 |
1,637 |
(3.7) |
524 |
524 |
528 |
537 |
(1.6) |
2,163 |
Service revenue |
666 |
729 |
(8.7) |
219 |
222 |
224 |
243 |
(7.7) |
982 |
EBITDA |
(468) |
(397) |
(17.9) |
(159) |
(176) |
(133) |
(136) |
2.1 |
(682) |
Special factors affecting EBITDA |
(140) |
(90) |
(54.9) |
(29) |
(66) |
(45) |
(34) |
(33.4) |
(146) |
EBITDA (adjusted for special factors) |
(328) |
(307) |
(7.0) |
(130) |
(110) |
(88) |
(102) |
13.8 |
(537) |
EBITDA AL |
(631) |
(572) |
(10.2) |
(214) |
(230) |
(186) |
(193) |
3.2 |
(914) |
Special factors affecting EBITDA AL |
(140) |
(90) |
(54.9) |
(29) |
(66) |
(45) |
(34) |
(33.4) |
(146) |
EBITDA AL (adjusted for special factors) |
(490) |
(482) |
(1.8) |
(185) |
(164) |
(142) |
(159) |
11.0 |
(768) |
Depreciation, amortization and impairment losses |
(806) |
(863) |
6.7 |
(270) |
(268) |
(267) |
(286) |
6.5 |
(1,155) |
Profit (loss) from operations (EBIT) |
(1,274) |
(1,260) |
(1.1) |
(429) |
(445) |
(400) |
(421) |
5.1 |
(1,837) |
Cash capex |
(596) |
(631) |
5.5 |
(193) |
(200) |
(204) |
(204) |
0.0 |
(861) |
Cash capex (before spectrum investment) |
(596) |
(631) |
5.5 |
(193) |
(200) |
(204) |
(204) |
0.0 |
(861) |
Revenue, service revenue
Revenue in our Group Headquarters & Group Services segment decreased in the reporting period by 3.7 %, mainly as a result of lower revenues at Deutsche Telekom IT.
Adjusted EBITDA AL, EBITDA AL
Adjusted EBITDA AL declined from EUR ‑482 million in the reporting period to EUR ‑490 million. The decline in revenue at Deutsche Telekom IT was almost offset, primarily by lower operating expenses in our Group Services. Overall, special factors negatively affecting EBITDA AL – in particular due to socially responsible staff-related measures – totaled EUR 140 million in the reporting period and EUR 90 million in the prior-year period.
Profit/loss from operations (EBIT)
The year-on-year decrease of EUR 14 million in EBIT to EUR ‑1,274 million was largely due to the decline in EBITDA. By contrast, depreciation, amortization and impairment losses declined, mainly due to lower capital expenditure at Deutsche Telekom IT.
Cash capex (before spectrum investment), cash capex
Cash capex decreased by EUR 35 million year-on-year, mainly due to a lower capitalization rate at Deutsche Telekom IT.