Income Statement - HHLA Interim Report January

in € thousand; subgroup Port Logistics and subgroup Real Estate; annex to the condensed notes	1–9 \| 2015 Group	1–9 \| 2015 Port Logistics	1–9 \| 2015 Real Estate	1–9 \| 2015 Consolidation
Revenue	868,902	845,634	27,483	- 4,215
Changes in inventories	382	383	- 1	0
Own work capitalised	7,519	7,297	0	222
Other operating income	27,535	23,166	5,019	- 650
Cost of materials	- 274,485	- 268,967	- 5,596	78
Personnel expenses	- 307,278	- 305,493	- 1,785	0
Other operating expenses	- 108,136	- 103,988	- 8,713	4,565
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	214,439	198,032	16,407	0
Depreciation and amortisation	- 90,537	- 87,018	- 3,755	236
Earnings before interest and taxes (EBIT)	123,902	111,014	12,652	236
Earnings from associates accounted for using the equity method	3,250	3,250	0	0
Interest income	14,821	14,878	35	- 92
Interest expenses	- 40,914	- 37,436	- 3,570	92
Other financial result	944	944	0	0
Financial result	- 21,899	- 18,364	- 3,535	0
Earnings before tax (EBT)	102,003	92,650	9,117	236
Income tax	- 24,605	- 21,824	- 2,724	- 57
Profit after tax	77,398	70,826	6,393	179
of which attributable to non-controlling interests	21,508	21,508	0
of which attributable to shareholders of the parent company	55,890	49,318	6,572
Earnings per share, basic, in €	0.77	0.70	2.43
Earnings per share, diluted, in €	0.77	0.70	2.43

in € thousand; subgroup Port Logistics and subgroup Real Estate; annex to the condensed notes	1–9 \| 2014 Group	1–9 \| 2014 Port Logistics	1–9 \| 2014 Real Estate	1–9 \| 2014 Consolidation
Revenue	906,715	885,391	25,209	- 3,885
Changes in inventories	478	479	- 1	0
Own work capitalised	6,019	6,019	0	0
Other operating income	22,366	19,377	3,741	- 752
Cost of materials	- 300,326	- 295,529	- 4,873	76
Personnel expenses	- 305,320	- 303,642	- 1,678	0
Other operating expenses	- 110,363	- 106,957	- 7,967	4,561
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	219,569	205,138	14,431	0
Depreciation and amortisation	- 88,263	- 85,177	- 3,321	235
Earnings before interest and taxes (EBIT)	131,306	119,961	11,110	235
Earnings from associates accounted for using the equity method	3,931	3,931	0	0
Interest income	11,567	11,497	172	- 102
Interest expenses	- 41,882	- 38,700	- 3,284	102
Other financial result	404	404	0	0
Financial result	- 25,980	- 22,868	- 3,112	0
Earnings before tax (EBT)	105,326	97,093	7,998	235
Income tax	- 31,655	- 29,299	- 2,299	- 57
Profit after tax	73,671	67,794	5,699	178
of which attributable to non-controlling interests	26,755	26,755	0
of which attributable to shareholders of the parent company	46,916	41,039	5,877
Earnings per share, basic, in €	0.64	0.59	2.17
Earnings per share, diluted, in €	0.64	0.59	2.17

in € thousand; subgroup Port Logistics and subgroup Real Estate; annex to the condensed notes	7–9 \| 2015 Group	7–9 \| 2015 Port Logistics	7–9 \| 2015 Real Estate	7–9 \| 2015 Consolidation
Revenue	283,761	275,829	9,450	- 1,518
Changes in inventories	1,086	1,088	- 2	0
Own work capitalised	2,292	2,227	0	65
Other operating income	8,938	7,073	2,092	- 227
Cost of materials	- 91,264	- 89,251	- 2,041	28
Personnel expenses	- 97,077	- 96,462	- 615	0
Other operating expenses	- 36,192	- 34,543	- 3,301	1,652
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	71,544	65,961	5,583	0
Depreciation and amortisation	- 30,281	- 29,094	- 1,266	79
Earnings before interest and taxes (EBIT)	41,263	36,867	4,317	79
Earnings from associates accounted for using the equity method	649	649	0	0
Interest income	1,069	1,085	14	- 30
Interest expenses	- 7,937	- 6,784	- 1,183	30
Other financial result	0	0	0	0
Financial result	- 6,219	- 5,050	- 1,169	0
Earnings before tax (EBT)	35,044	31,817	3,148	79
Income tax	- 7,823	- 6,938	- 866	- 19
Profit after tax	27,221	24,879	2,282	60
of which attributable to non-controlling interests	8,809	8,809	0
of which attributable to shareholders of the parent company	18,412	16,070	2,342
Earnings per share, basic, in €	0.25	0.23	0.87
Earnings per share, diluted, in €	0.25	0.23	0.87

in € thousand; subgroup Port Logistics and subgroup Real Estate; annex to the condensed notes	7–9 \| 2014 Group	7–9 \| 2014 Port Logistics	7–9 \| 2014 Real Estate	7–9 \| 2014 Consolidation
Revenue	310,982	303,724	8,552	- 1,294
Changes in inventories	68	69	- 1	0
Own work capitalised	2,102	2,104	0	- 2
Other operating income	5,567	4,654	1,172	- 259
Cost of materials	- 104,710	- 102,994	- 1,792	76
Personnel expenses	- 100,220	- 99,652	- 568	0
Other operating expenses	- 35,048	- 34,075	- 2,452	1,479
Earnings before interest, taxes, depreciation and amortisation (EBITDA)	78,741	73,830	4,911	0
Depreciation and amortisation	- 28,822	- 27,789	- 1,111	78
Earnings before interest and taxes (EBIT)	49,918	46,041	3,799	78
Earnings from associates accounted for using the equity method	1,156	1,156	0	0
Interest income	2,643	2,665	11	- 33
Interest expenses	- 12,186	- 11,090	- 1,129	33
Other financial result	0	0	0	0
Financial result	- 8,387	- 7,269	- 1,118	0
Earnings before tax (EBT)	41,531	38,772	2,681	78
Income tax	- 11,832	- 10,855	- 958	- 19
Profit after tax	29,699	27,917	1,723	59
of which attributable to non-controlling interests	8,818	8,818	0
of which attributable to shareholders of the parent company	20,881	19,099	1,782
Earnings per share, basic, in €	0.28	0.28	0.66
Earnings per share, diluted, in €	0.28	0.28	0.66

Interim Report 9M January – September 2015