Real Estate Segment
in € million |
1–9 | 2018 |
1–9 | 2017 |
Change |
|||
Revenue |
29.3 |
28.2 |
3.9 % |
|||
EBITDA |
16.0 |
16.1 |
- 0.6 % |
|||
EBITDA margin in % |
54.7 |
57.2 |
- 2.5 pp |
|||
EBIT |
12.3 |
12.4 |
- 0.5 % |
|||
EBIT margin in % |
42.0 |
43.8 |
- 1.8 pp |
HHLA’s properties in the Speicherstadt historical warehouse district and the fish market area continued their positive revenue trend in the first nine months of 2018. Revenue increased slightly again by 3.9 % year-on-year to € 29.3 million as a result of virtually full occupancy in both districts (previous year: € 28.2 million). The operating result (EBIT) was influenced by maintenance work that was planned, carried out and recognised in profit or loss. EBIT amounted to € 12.3 million in the reporting period and was thus on a par with the previous year (previous year: € 12.4 million).