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Annual Report 2025

Income statement

Income statement – HHLA subgroups

in € thousand; Port Logistics subgroup and Real Estate subgroup;
annex to the notes

 

2025
Group

 

2025
Port
 Logistics

 

2025
Real
Estate

 

2025
Consolidation

Revenue

 

1,756,189

 

1,718,803

 

46,347

 

- 8,961

Changes in inventories

 

- 2,987

 

- 2,987

 

0

 

0

Own work capitalised

 

10,267

 

9,125

 

0

 

1,142

Other operating income

 

70,932

 

63,960

 

10,724

 

- 3,752

Cost of materials

 

- 595,330

 

- 586,843

 

- 9,321

 

834

Personnel expenses

 

- 683,804

 

- 680,875

 

- 2,928

 

0

Other operating expenses

 

- 218,650

 

- 210,171

 

- 19,217

 

10,738

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

 

336,617

 

311,012

 

25,605

 

0

Depreciation and amortisation

 

- 176,162

 

- 166,317

 

- 10,197

 

352

Earnings before interest and taxes (EBIT)

 

160,455

 

144,695

 

15,408

 

352

Earnings from associates accounted for using the equity method

 

7,482

 

7,482

 

0

 

0

Interest income

 

12,606

 

11,598

 

1,027

 

- 19

Interest expenses

 

- 75,117

 

- 70,683

 

- 4,453

 

19

Other financial result

 

0

 

0

 

0

 

0

Financial result

 

- 55,030

 

- 51,603

 

- 3,427

 

0

Earnings before tax (EBT)

 

105,425

 

93,092

 

11,982

 

352

Income tax

 

- 73,740

 

- 70,050

 

- 3,124

 

- 566

Profit after tax

 

31,685

 

23,042

 

8,857

 

- 214

of which attributable to non-controlling interests

 

21,922

 

21,922

 

0

 

 

of which attributable to shareholders of the parent company

 

9,762

 

1,120

 

8,643

 

 

Earnings per share, basic and diluted, in €

 

0.13

 

0.02

 

3.20

 

 

Income statement – HHLA subgroups

in € thousand; Port Logistics subgroup and Real Estate subgroup;
annex to the notes

 

2024
Group

 

2024
Port
 Logistics

 

2024
Real
Estate

 

2024
Consolidation

Revenue

 

1,598,270

 

1,561,688

 

46,108

 

- 9,526

Changes in inventories

 

299

 

299

 

0

 

0

Own work capitalised

 

7,696

 

6,703

 

0

 

993

Other operating income

 

72,628

 

54,671

 

19,940

 

- 1,983

Cost of materials

 

- 556,578

 

- 547,895

 

- 9,512

 

829

Personnel expenses

 

- 598,347

 

- 595,564

 

- 2,783

 

0

Other operating expenses

 

- 214,942

 

- 196,499

 

- 28,130

 

9,687

Earnings before interest, taxes, depreciation and amortisation (EBITDA)

 

309,027

 

283,403

 

25,623

 

0

Depreciation and amortisation

 

- 174,757

 

- 165,599

 

- 9,509

 

351

Earnings before interest and taxes (EBIT)

 

134,270

 

117,804

 

16,114

 

351

Earnings from associates accounted for using the equity method

 

6,980

 

6,980

 

0

 

0

Interest income

 

9,016

 

7,079

 

2,440

 

- 503

Interest expenses

 

- 59,252

 

- 55,201

 

- 4,554

 

503

Other financial result

 

0

 

0

 

0

 

0

Financial result

 

- 43,256

 

- 41,141

 

- 2,114

 

0

Earnings before tax (EBT)

 

91,014

 

76,663

 

14,000

 

351

Income tax

 

- 34,612

 

- 29,786

 

- 4,739

 

- 87

Profit after tax

 

56,402

 

46,877

 

9,261

 

264

of which attributable to non-controlling interests

 

23,880

 

23,880

 

0

 

 

of which attributable to shareholders of the parent company

 

32,522

 

22,996

 

9,525

 

 

Earnings per share, basic and diluted, in €

 

0.43

 

0.32

 

3.52

 

 

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