Earning performance affected by one-off item
Operating earnings (EBIT) in the segment improved year-on-year by Euro 1 million to Euro 20 million. Excluding the positive one-off item reported in the previous year in connection with the release of badwill upon the initial consolidation of Industriepark Gersthofen Servicegesellschaft mbH (Euro 5 million), the operating earnings (EBIT) of the value-added services segment rose year-on-year by Euro 6 million (+43%). Around Euro 2 million of this adjusted improvement was attributable to contracting projects in the housing and real estate sector and to the industry park and consulting business of the MVV Energiedienstleistungen GmbH subgroup, while around
Euro 4 million was due to the value-added services business of the Offenbach shareholdings. The earnings growth in Offenbach was primarily driven by the contracting business, by reduced expenditure on IT advisory services, and by the shared service companies reported there, namely 24/7 United Billing GmbH, Offenbach and 24/7 Metering GmbH, Offenbach.
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