Real Estate Segment
in € million |
1–9 | 2017 |
1–9 | 2016 |
Change |
|||
Revenue |
28.2 |
28.0 |
0.8 % |
|||
EBITDA |
16.1 |
15.3 |
5.1 % |
|||
EBITDA margin in % |
57.2 |
54.8 |
2.4 pp |
|||
EBIT |
12.4 |
11.5 |
7.3 % |
|||
EBIT margin in % |
43.8 |
41.2 |
2.6 pp |
HHLA’s properties in the Speicherstadt historical warehouse district and the fish market area continued their positive trend. As a result of virtually full occupancy in both areas, total revenue of € 28.2 million was again 0.8 % above the already high prior-year figure.
At € 12.4 million, the operating result (EBIT) rose strongly by 7.3 % compared to € 11.5 million.