Real Estate Segment
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).