Income Statement - HHLA Half-Year Financial Report January

Income Statement HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the condensed notes	1–6 \| 2017 Group	1–6 \| 2017 Port Logistics	1–6 \| 2017 Real Estate	1–6 \| 2017 Consolidation
Revenue	622,832	607,329	18,697	- 3,194
Changes in inventories	326	326	0	0
Own work capitalised	2,844	2,569	0	275
Other operating income	21,956	19,607	2,866	- 517
Cost of materials	- 184,607	- 181,237	- 3,432	62
Personnel expenses	- 227,504	- 226,395	- 1,109	0
Other operating expenses	- 77,328	- 74,194	- 6,508	3,374
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	158,519	148,005	10,514	0
Depreciation and amortisation	- 59,703	- 57,357	- 2,511	165
Earnings before interest and taxes (EBIT)	98,816	90,648	8,003	165
Earnings from associates accounted for using the equity method	2,983	2,983	0	0
Interest income	2,721	2,795	20	- 94
Interest expenses	- 11,032	- 9,680	- 1,446	94
Other financial result	0	0	0	0
Financial result	- 5,328	- 3,902	- 1,426	0
Earnings before tax (EBT)	93,488	86,746	6,577	165
Income tax	- 23,157	- 20,981	- 2,135	- 41
Profit after tax	70,331	65,765	4,442	124
of which attributable to non-controlling interests	17,715	17,715	0
of which attributable to shareholders of the parent company	52,616	48,050	4,566
Earnings per share, basic and diluted, in €	0.72	0.69	1.69

Income Statement HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the condensed notes	1–6 \| 2016 Group	1–6 \| 2016 Port Logistics	1–6 \| 2016 Real Estate	1–6 \| 2016 Consolidation
Revenue	573,479	557,795	18,725	- 3,041
Changes in inventories	851	851	0	0
Own work capitalised	3,517	3,322	0	195
Other operating income	16,141	13,793	2,882	- 534
Cost of materials	- 168,613	- 164,968	- 3,711	66
Personnel expenses	- 223,977	- 222,825	- 1,152	0
Other operating expenses	- 75,605	- 72,665	- 6,254	3,314
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	125,793	115,303	10,490	0
Depreciation and amortisation	- 58,938	- 56,541	- 2,559	162
Earnings before interest and taxes (EBIT)	66,855	58,762	7,931	162
Earnings from associates accounted for using the equity method	2,583	2,583	0	0
Interest income	4,183	4,262	25	- 104
Interest expenses	- 17,129	- 15,684	- 1,549	104
Other financial result	- 10	- 10	0	0
Financial result	- 10,373	- 8,849	- 1,524	0
Earnings before tax (EBT)	56,482	49,913	6,407	162
Income tax	- 15,732	- 13,698	- 1,994	- 40
Profit after tax	40,750	36,214	4,414	122
of which attributable to non-controlling interests	14,944	14,944	0
of which attributable to shareholders of the parent company	25,806	21,270	4,536
Earnings per share, basic and diluted, in €	0.35	0.30	1.68

Income Statement HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the condensed notes	4–6 \| 2017 Group	4–6 \| 2017 Port Logistics	4–6 \| 2017 Real Estate	4–6 \| 2017 Consolidation
Revenue	317,703	309,945	9,406	- 1,648
Changes in inventories	- 87	- 83	- 4	0
Own work capitalised	1,438	1,243	0	195
Other operating income	10,556	9,100	1,716	- 260
Cost of materials	- 89,781	- 88,164	- 1,647	30
Personnel expenses	- 115,690	- 115,109	- 581	0
Other operating expenses	- 40,676	- 39,295	- 3,064	1,683
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	83,463	77,637	5,826	0
Depreciation and amortisation	- 29,892	- 28,708	- 1,263	79
Earnings before interest and taxes (EBIT)	53,571	48,929	4,563	79
Earnings from associates accounted for using the equity method	1,477	1,477	0	0
Interest income	1,680	1,717	10	- 47
Interest expenses	- 5,432	- 4,759	- 720	47
Other financial result	0	0	0	0
Financial result	- 2,275	- 1,565	- 710	0
Earnings before tax (EBT)	51,296	47,364	3,853	79
Income tax	- 12,467	- 11,148	- 1,300	- 19
Profit after tax	38,829	36,216	2,553	60
of which attributable to non-controlling interests	10,596	10,596	0
of which attributable to shareholders of the parent company	28,233	25,620	2,613
Earnings per share, basic and diluted, in €	0.38	0.37	0.97

Income Statement HHLA Subgroups
in € thousand; Port Logistics Subgroup and Real Estate Subgroup; annex to the condensed notes	4–6 \| 2016 Group	4–6 \| 2016 Port Logistics	4–6 \| 2016 Real Estate	4–6 \| 2016 Consolidation
Revenue	288,698	280,714	9,512	- 1,528
Changes in inventories	165	165	0	0
Own work capitalised	1,855	1,760	0	95
Other operating income	8,045	6,910	1,401	- 266
Cost of materials	- 85,071	- 83,262	- 1,847	38
Personnel expenses	- 118,641	- 118,066	- 575	0
Other operating expenses	- 39,689	- 38,303	- 3,047	1,661
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	55,362	49,918	5,444	0
Depreciation and amortisation	- 29,483	- 28,281	- 1,283	81
Earnings before interest and taxes (EBIT)	25,879	21,637	4,161	81
Earnings from associates accounted for using the equity method	1,473	1,473	0	0
Interest income	2,156	2,195	13	- 52
Interest expenses	- 7,500	- 6,781	- 771	52
Other financial result	- 10	- 10	0	0
Financial result	- 3,881	- 3,123	- 758	0
Earnings before tax (EBT)	21,998	18,514	3,403	81
Income tax	- 7,209	- 6,123	- 1,066	- 20
Profit after tax	14,789	12,390	2,338	61
of which attributable to non-controlling interests	7,129	7,129	0
of which attributable to shareholders of the parent company	7,660	5,261	2,399
Earnings per share, basic and diluted, in €	0.10	0.07	0.89