Half-year Financial Report January – June 2026

Segment report

Segment report – HHLA Group

in € thousand; business segments;
annex to the condensed notes

 

Port Logistics subgroup

 

Real Estate subgroup

 

Total

 

Consolidation and reconciliation with Group

 

Group

 

 

Container

 

Intermodal

 

Logistics

 

Holding/Other

 

Real Estate

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1–6 | 2026

 

1–6 | 2025

 

1–6 | 2026

 

1–6 | 2025

 

1–6 | 2026

 

1–6 | 2025

 

1–6 | 2026

 

1–6 | 2025

 

1–6 | 2026

 

1–6 | 2025

 

1–6 | 2026

 

1–6 | 2025

 

1–6 | 2026

 

1–6 | 2025

 

1–6 | 2026

 

1–6 | 2025

Revenue from non-affiliated third parties

 

424,538

 

424,488

 

424,865

 

399,954

 

30,907

 

31,039

 

7,664

 

6,957

 

22,935

 

22,084

 

910,910

 

884,521

 

0

 

0

 

910,910

 

884,521

Inter-segment revenue

 

2,051

 

1,751

 

682

 

526

 

17,058

 

13,777

 

71,827

 

71,099

 

1,299

 

1,296

 

92,916

 

88,449

 

- 92,917

 

- 88,449

 

0

 

0

Total segment revenue

 

426,589

 

426,239

 

425,547

 

400,480

 

47,965

 

44,816

 

79,491

 

78,056

 

24,234

 

23,380

 

1,003,826

 

972,970

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of materials

 

70,344

 

69,150

 

221,604

 

217,476

 

8,207

 

9,098

 

5,085

 

4,024

 

4,720

 

4,463

 

309,961

 

304,210

 

- 1,238

 

- 1,357

 

308,723

 

302,852

Personnel expenses

 

217,747

 

202,788

 

84,071

 

70,733

 

20,629

 

19,571

 

61,925

 

65,280

 

1,390

 

1,451

 

385,761

 

359,824

 

- 17,789

 

- 19,925

 

367,972

 

339,899

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBITDA

 

68,963

 

88,391

 

71,677

 

72,258

 

11,283

 

10,119

 

- 8,822

 

- 17,195

 

13,190

 

11,827

 

156,291

 

165,400

 

37

 

- 199

 

156,328

 

165,202

EBITDA margin

 

16.2 %

 

20.7 %

 

16.8 %

 

18.0 %

 

23.5 %

 

22.6 %

 

- 11.1 %

 

- 22.0 %

 

54.4 %

 

50.6 %

 

 

 

 

 

 

 

 

 

 

 

 

EBIT

 

17,169

 

42,784

 

47,467

 

48,215

 

- 6,725

 

3,746

 

- 14,607

 

- 22,452

 

7,487

 

6,743

 

50,790

 

79,035

 

548

 

316

 

51,338

 

79,352

EBIT margin

 

4.0 %

 

10.0 %

 

11.2 %

 

12.0 %

 

- 14.0 %

 

8.4 %

 

- 18.4 %

 

- 28.8 %

 

30.9 %

 

28.8 %

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in property, plant and equipment and investment property

 

88,312

 

88,326

 

36,745

 

22,405

 

60,266

 

28,374

 

2,192

 

81,436

 

19,878

 

16,306

 

207,393

 

236,847

 

0

 

0

 

207,393

 

236,847

Investments in intangible assets

 

8,845

 

6,344

 

2,782

 

1,705

 

2,722

 

3,611

 

774

 

749

 

0

 

9

 

15,122

 

12,418

 

- 678

 

- 1,335

 

14,445

 

11,083

Total investments

 

97,157

 

94,670

 

39,527

 

24,110

 

62,988

 

31,985

 

2,966

 

82,185

 

19,878

 

16,315

 

222,515

 

249,265

 

- 678

 

- 1,335

 

221,838

 

247,930

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation of property, plant and equipment and investment property

 

50,136

 

43,747

 

22,529

 

22,600

 

7,011

 

5,001

 

4,308

 

3,678

 

5,701

 

5,084

 

89,685

 

80,110

 

- 172

 

- 149

 

89,512

 

79,961

Amortisation of intangible assets

 

1,659

 

1,860

 

1,681

 

1,443

 

10,998

 

1,372

 

1,476

 

1,580

 

2

 

1

 

15,817

 

6,255

 

- 339

 

- 366

 

15,478

 

5,889

thereof impairment

 

0

 

0

 

0

 

0

 

9,383

 

0

 

0

 

0

 

0

 

0

 

9,383

 

0

 

0

 

0

 

9,383

 

0

Total amortisation and depreciation

 

51,795

 

45,607

 

24,210

 

24,043

 

18,009

 

6,373

 

5,784

 

5,258

 

5,703

 

5,085

 

105,502

 

86,365

 

- 511

 

- 515

 

104,990

 

85,850

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings from associates accounted for using the equity method

 

819

 

463

 

0

 

0

 

1,995

 

2,089

 

0

 

0

 

0

 

0

 

2,815

 

2,552

 

0

 

0

 

2,815

 

2,552

Non-cash items

 

22,010

 

13,867

 

1,454

 

1,088

 

2,011

 

- 1,328

 

9,131

 

11,280

 

108

 

179

 

34,715

 

25,087

 

- 602

 

130

 

34,113

 

25,217

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Container throughput in thousand TEU

 

2,959

 

3,172

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Container transport in thousand TEU

 

 

 

985

 

997