Audited

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
	2017	2016	2017	2016	2017	2016	2017	2016	2017	2016	2017	2016	2017	2016	2017	2016
Segment revenue
Segment revenue from non-affiliated third parties	740,560	688,257	412,399	388,369	46,067	48,812	17,279	16,942	35,501	35,288	1,251,806	1,177,668	0	0	1,251,806	1,177,668
Inter-segment revenue	6,003	6,312	1,579	1,752	4,773	6,188	129,951	131,045	2,395	2,395	144,700	147,692	- 144,700	- 147,692	0	0
Total segment revenue	746,563	694,569	413,978	390,121	50,840	55,000	147,230	147,987	37,896	37,683	1,396,506	1,325,360

Earnings
EBITDA	194,725	201,462	94,983	79,646	6,950	2,369	- 21,917	- 17,233	21,297	21,113	296,037	287,357	- 255	- 916	295,783	286,441
EBITDA margin	26.1 %	29.0 %	22.9 %	20.4 %	13.7 %	4.3 %	- 14.9 %	- 11.6 %	56.2 %	56.0 %
EBIT	109,398	117,834	69,910	55,874	2,552	- 1,711	- 26,839	- 25,319	16,285	16,049	171,306	162,726	1,882	1,284	173,188	164,010
EBIT margin	14.7 %	17.0 %	16.9 %	14.3 %	5.0 %	- 3.1 %	- 18.2 %	- 17.1 %	43.0 %	42.6 %

Assets
Segment assets	810,785	824,460	408,062	404,960	40,852	62,036	180,814	162,498	190,632	186,680	1,631,145	1,640,634	204,133	172,233	1,835,278	1,812,867

Other segment information
Investments in property, plant and equipment and investment property	79,590	76,188	45,497	43,662	1,285	2,346	4,573	2,906	6,146	1,391	137,091	126,493	0	- 500	137,091	125,993
Investments in intangible assets	1,605	5,114	174	429	72	35	3,797	7,387	0	28	5,648	12,993	- 176	- 670	5,472	12,323
Total investments	81,195	81,302	45,671	44,091	1,357	2,381	8,370	10,293	6,146	1,419	142,739	139,486	- 176	- 1,170	142,563	138,316

Depreciation of property, plant and equipment and investment property	75,179	74,021	24,812	23,300	4,345	4,023	3,790	7,045	4,999	5,053	113,125	113,442	- 1,590	- 1,806	111,536	111,637
of which impairment	0	1,125	0	0	0	0	0	0	0	0	0	1,125	0	0	0	1,125
Amortisation of intangible assets	10,148	9,607	260	472	53	57	1,132	1,042	13	11	11,606	11,189	- 547	- 394	11,059	10,794
Total amortisation and depreciation	85,327	83,628	25,072	23,772	4,398	4,080	4,922	8,087	5,012	5,064	124,731	124,631	- 2,137	- 2,200	122,595	122,431

Earnings from associates accounted for using the equity method	874	951	0	0	3,904	3,726	0	0	0	0	4,778	4,677	0	0	4,778	4,677
Non-cash items	30,901	24,097	1,652	9,809	1,088	2,201	12,487	28,598	447	268	46,575	64,973	59	2	46,634	64,975

Container throughput in thousand TEU	7,196	6,658	–	–
Container transport in thousand TEU	–	–	1,480	1,408