Real Estate Segment

Key Figures

in € million

 

1–3 | 2018

 

1–3 | 2017

 

Change

Revenue

 

9.4

 

9.3

 

1.4 %

EBITDA

 

4.9

 

4.7

 

3.6 %

EBITDA margin in %

 

51.6

 

50.5

 

1.1 pp

EBIT

 

3.6

 

3.4

 

5.4 %

EBIT margin in %

 

38.5

 

37.0

 

1.5 pp

HHLA’s properties in the Speicherstadt historical warehouse district and Fischmarkt Hamburg-Altona GmbH continued their positive revenue trend in the first quarter of 2018. Revenue increased slightly again by 1.4 % year-on-year to € 9.4 million as a result of virtually full occupancy in both quarters (previous year: € 9.3 million). Largely due to increased revenue from existing and newly developed properties in the Speicherstadt historical warehouse district, the operating result (EBIT) improved strongly by 5.4 % to € 3.6 million (previous year: € 3.4 million).