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Executive overview
Key findings
€701.6 million: group revenue (FY 2025, actual)
5,334 km / 6,201 km: water mains and sewer network (FY 2025, annual report scope)
€2.05 / €2.49 per m³: water price (net) and wastewater fee from 1 January 2026
About €1.15 billion: investment planned for 2025–2029 (plan, June 2026)
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Buyer relevance
Who the report is for
Suppliers new to the German water market
Get the structure, assets, key figures and leadership of Hamburg's water and wastewater companies in one document before a first meeting.
Analysts tracking municipal utility finances
Read revenue, bank liabilities, bonds and the use of results for HWW and HSE from FY 2016 to FY 2025.
Consultants and policy researchers
Use the dated forward calendar, from the 2027 water price to the 2033 digester completion and EU quaternary treatment deadlines.
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Decision scope
Questions answered
What does Hamburg Wasser charge in 2026?
The water price is €2.05 per m³ net and the wastewater fee €2.49 per m³; the Senate approved a water price of €2.13 net for 2027.
How much does Hamburg Wasser invest?
The two companies invested €227.8 million in FY 2025, and about €1.15 billion is planned for 2025–2029.
How indebted is the wastewater company?
HSE's bank liabilities were €946.9 million at the end of 2025, 31.7% lower than in 2016, with €96 million of bonds outstanding.
Who runs Hamburg Wasser?
Martin Gerhardt has been technical managing director since 1 April 2026 and Dr. Frank Herzog commercial managing director since 1 April 2025.
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Inside the report
Inside the complete report
Executive Overview
Utility and Service Mandate
Water Resources and Supply
Infrastructure and Treatment
Networks and Assets
Wastewater and Resource Management
Financial Position
Investment and Major Projects
Tariffs and Customer Context
Energy and Sustainability
Governance and Regulation
Climate and Resilience
Forward Developments
Key Intelligence Summary
Source Register
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Public preview
What to watch next
Financial Position
FY 2026 results; further green finance borrowing; HWW bank liabilities as water investment rises.
Investment and Major Projects
A VERA II commissioning date and outturn cost; the heat pump's first heat delivery; investment in the FY 2026 annual report against the €1.15 billion plan.
Tariffs and Customer Context
The 2027 wastewater fee, which had not been published in the sources checked on 1 November 2026.
Water Resources and Supply
The higher administrative court's handling of the Nordheide appeal; delivery of the 500,000 m³ a day peak output.
Major projects with cost and status, followed by water prices and wastewater fees from 2016 to 2026.
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Included
What you receive
The complete PDF report: 13 pages, 15 sections, 17 tables and a register of 26 sources.
This edition
November 2026, First edition.
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Evidence & method
Evidence and method
The profile is built from Hamburg Wasser's annual reports from FY 2016 to FY 2025, its EMAS environmental statements, the Green Finance Report 2025 and the 2025 drinking water quality notice. Prices, projects, leadership and the Nordheide appeal were checked against utility, city government and trade press sources as of 1 November 2026.
Sources
26 sources, listed in the report's source register. Evidence current to 1 November 2026. Principal data periods: FY 2025 annual report (year ended 31 December 2025); 2025 environmental statement; Green Finance Report 2025; calendar 2025 drinking water quality values. All currency is euros (€)..
Evidence boundaries
This report uses authoritative source material available at the stated research cutoff. It distinguishes published facts, calculated values and analytical interpretation. No independent modelling is performed. Forward-looking analysis reflects published plans, documented trends and stated uncertainties. It does not constitute legal, financial, investment or engineering advice.
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Lead analyst
Robert C. Brears
Founder, Our Future Water Intelligence
Robert C. Brears is a water-security specialist and author whose work examines utility governance, infrastructure investment, climate resilience and long-term water-system change for executive and policy audiences.
- Decision-focused utility intelligence
- Published water-policy author
- Evidence-grounded system analysis
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Buyer FAQs
Before you purchase
Who can use the report?
Licensed for internal use within one purchasing organization. The PDF and its contents may be shared with colleagues within that organization. External redistribution, resale and public publication are prohibited without permission.
How is the report delivered?
The PDF is available to download immediately after confirmed payment, through our secure delivery system.
Can my organization buy wider access?
Institutional purchasing: For invoice enquiries, multi-organization licensing or broader access requirements, contact Our Future Water Intelligence.
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Utility Intelligence Profile: Hamburg Wasser
- Format
- Length
- 13 pages
- Edition
- November 2026, First edition
- Price
- USD 99
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Report details
Publication details
- Publisher
- Our Future Water Intelligence
- Report family
- Utility Intelligence Profile
- Edition
- November 2026, First edition
- Format
- Length
- 13 pages
- Reference
- OFW_EXT_HAMBURG_WASSER_UTILITY_INTELLIGENCE_PROFILE_d395190d22c9
- Evidence current to
- 1 November 2026
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