With effect from 1 January 2007, the HHLA Group was divided into the Port Logistics subgroup and Real Estate subgroup. HHLA’s core port-related business, port logistics, was united in this new structure for the stock flotation in November 2007. The class A shares listed on the stock exchange belong to the Port Logistics subgroup and only entitle shareholders to participate in the result and net assets of these operations.
The Port Logistics subgroup is made up of the Container, Intermodal and Logistics segments. When the Group was reorganized, the holding company/other division was also attributed to the Port Logistics subgroup, but it does not constitute an independent segment under International Reporting Standards (IFRS). It contains the Group holding company with central functions such as human resources, finance and group controlling or IT. The properties specific to HHLA’s port handling business and floating crane operations are also attributed to this division.
The Real Estate subgroup includes HHLA’s properties which are not specific to port handling, i.e. the properties in the historic warehouse district and Fischmarkt Hamburg-Altona GmbH. The performance and the financial result of the sub-group Real Estate, which also has urban development objectives, are represented by the Class S shares. These shares are not traded on the stock exchange and are held by HGV (Hamburger Gesellschaft für Vermögens- und Beteiligungsmanagement GmbH) that is 100 % in the ownership of the Free and Hanseatic city of Hamburg (FHH).