Segment Report

Segment Report
in € thousand; business segments; annex to the notes	Port Logistics Subgroup								Real Estate Subgroup		Total		Consolidation and reconciliation with Group		Group
	Container		Intermodal		Logistics		Holding/Other		Real Estate
	2016	2015	2016	2015	2016	2015	2016	2015	2016	2015	2016	2015	2016	2015	2016	2015
Segment revenue
Segment revenue from non-affiliated third parties	688,257	670,412	388,369	362,416	48,812	57,603	16,942	17,279	35,288	34,108	1,177,668	1,141,818	0	0	1,177,668	1,141,818
Inter-segment revenue	6,312	4,768	1,752	1,613	6,188	7,545	131,045	120,226	2,395	2,389	147,692	136,541	- 147,692	- 136,541	0	0
Total segment revenue	694,569	675,180	390,121	364,029	55,000	65,148	147,987	137,505	37,683	36,497	1,325,360	1,278,359

Earnings
EBITDA	201,462	195,772	79,646	78,847	2,369	4,572	- 17,233	- 3,474	21,113	20,228	287,357	295,945	- 916	- 14,548	286,441	281,397
EBITDA margin	29.0 %	29.0 %	20.4 %	21.7 %	4.3 %	7.0 %	- 11.6 %	- 2.5 %	56.0 %	55.4 %
EBIT	117,834	110,640	55,874	55,188	- 1,711	- 831	- 25,319	- 11,229	16,049	15,151	162,726	168,919	1,284	- 12,380	164,010	156,539
EBIT margin	17.0 %	16.4 %	14.3 %	15.2 %	- 3.1 %	- 1.3 %	- 17.1 %	- 8.2 %	42.6 %	41.5 %

Assets
Segment assets	824,460	806,631	404,960	375,238	62,036	48,363	162,498	130,559	186,680	190,016	1,640,634	1,550,807	172,233	199,557	1,812,867	1,750,364

Other segment information
Investments in property, plant and equipment and investment property	76,188	52,524	43,662	76,992	2,346	32,245	2,906	3,585	1,391	890	126,493	166,236	- 500	- 29,568	125,993	136,668
Investments in intangible assets	5,114	8,513	429	156	35	93	7,387	2,849	28	4	12,993	11,615	- 670	- 2,801	12,323	8,814
Total investments	81,302	61,037	44,091	77,148	2,381	32,338	10,293	6,434	1,419	894	139,486	177,851	- 1,170	- 32,369	138,316	145,482

Depreciation of property, plant and equipment and investment property	74,021	74,579	23,300	23,115	4,023	5,347	7,045	6,028	5,053	5,074	113,442	114,143	- 1,806	- 1,921	111,637	112,222
of which impairment	1,125	0	0	0	0	1,170	0	1,812	0	0	1,125	2,981	0	0	1,125	2,981
Amortisation of intangible assets	9,607	10,553	472	543	57	56	1,042	1,727	11	4	11,189	12,883	- 394	- 247	10,794	12,636
Total amortisation and depreciation	83,628	85,132	23,772	23,658	4,080	5,403	8,087	7,755	5,064	5,077	124,631	127,026	- 2,200	- 2,168	122,431	124,858

Earnings from associates accounted for using the equity method	951	714	0	0	3,726	3,014	0	0	0	0	4,677	3,728	0	0	4,677	3,728
Non-cash items	24,097	13,130	9,809	735	2,201	8,047	28,598	2,762	268	298	64,973	24,972	2	- 751	64,975	24,221

Container throughput in thousand TEU	6,658	6,561	–	–
Container transport in thousand TEU	–	–	1,408	1,318