Engineering

2.3 Management report on on the Group Results of of operations of of the the business areas areas
Corporate at ThyssenKrupp AG
Corporate comprises the Group’s head office including management of the business areas. It also includes
the business services activities in the areas of finance, communications, IT and human resources, as well as
non-operating real estate and inactive companies. Sales of services by Corporate companies to Group
companies in the reporting period came to €143 million, up from €131 million a year earlier.
Corporate’s earnings before interest and taxes came to €(377) million, a deterioration of €86 million from
the prior year. The deterioration was mainly the result of higher administrative costs, particularly personnel
and IT costs, and the valuation of mining provisions. Adjusted EBIT came to €(356) million; Corporate
recognized a €21 million provision for litigation risks in connection with arbitration court proceeedings
concerning a disposal carried out several years earlier.
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