Real Estate Segment

Key Figures

in € million

 

1–9 | 2018

 

1–9 | 2017

 

Change

Revenue

 

29.3

 

28.2

 

3.9 %

EBITDA

 

16.0

 

16.1

 

- 0.6 %

EBITDA margin in %

 

54.7

 

57.2

 

- 2.5 pp

EBIT

 

12.3

 

12.4

 

- 0.5 %

EBIT margin in %

 

42.0

 

43.8

 

- 1.8 pp

HHLA’s properties in the Speicherstadt historical warehouse district and the fish market area continued their positive revenue trend in the first nine months of 2018. Revenue increased slightly again by 3.9 % year-on-year to € 29.3 million as a result of virtually full occupancy in both districts (previous year: € 28.2 million). The operating result (EBIT) was influenced by maintenance work that was planned, carried out and recognised in profit or loss. EBIT amounted to € 12.3 million in the reporting period and was thus on a par with the previous year (previous year: € 12.4 million).