Half-year Financial Report January – June 2026

9. Pension provisions

Provisions for pensions include pension obligations and liabilities from working lifetime accounts.

The calculation of pension obligations as of 30 June 2026 was based on an interest rate of 4.00 % (31 December 2025: 4.00 %; 30 June 2025: 3.70 %). The calculation of pension obligations was also based on a discount rate of 4.20 % as stated in the HHLA capital plan as of 30 June 2026 (31 December 2025: 4.20 %; 30 June 2025: 3.90 %).

Actuarial gains/losses from provisions for pensions changed as follows. These are recognised in equity without effect on profit and loss.

Development of actuarial gains/losses from pension provisions

in € thousand

 

2026

 

2025

Cumulative actuarial gains (+)/losses (-) as of 1 January

 

82,506

 

55,573

Changes in the financial year due to experience adjustments and changes in financial assumptions

 

4,182

 

16,944

Cumulative actuarial gains (+)/losses (-) as of 30 June

 

86,688

 

72,517