Financial year 2022 starts successfully for HHLA in challenging times

– Container throughput rises by 3.7 percent to 1,740 thousand TEU

– Moderate increase in container transport of 3.1 percent to 431 thousand TEU

– Forecast for financial year 2022 unchanged

– Chairwoman of the Executive Board, Angela Titzrath: “The successful business performance in a difficult, uncertain environment underscores the reliability and strength of HHLA.”

The revenue and earnings of Hamburger Hafen und Logistik AG (HHLA) recorded a strong performance in the first three months of the year. Revenue in the HHLA Group rose by 10.7 percent to € 386.2 million (previous year: € 348.7 million). While all of the Group’s segments contributed to the positive revenue performance, the increase in the Group operating result (EBIT) was essentially due to a further rise in storage fees in the Container segment and a further increase in the rail share of HHLA’s total intermodal transportation. The Group operating result (EBIT) climbed by 15.9 percent to € 53.7 million (previous year: € 46.3 million). The EBIT margin thus came to 13.9 percent (previous year: 13.3 percent). Profit after tax and minority interests rose by 7.0 percent to € 22.8 million (previous year: € 21.3 million).

Angela Titzrath, Chairwoman of HHLA’s Executive Board: “The existing uncertainty on the global markets created by the coronavirus pandemic has been further amplified by the escalation of the Russia-Ukraine conflict. For several months, we have been dealing with massive ship delays as a result of supply chain disruptions, and this has led to a backlog of containers at the Port of Hamburg. However, irrespective of the difficult, unsettling times, HHLA got off to a good start in the 2022 financial year. Through prudent and disciplined action, HHLA is maintaining the stability of its operations and thus fulfilling its supply mandate for businesses and consumers. In order to reliably meet the needs of its customers, HHLA’s employees and equipment are currently operating at full capacity and HHLA has implemented additional operational measures. Despite the challenges facing us, we will decisively and consistently seize the opportunities of the digital transformation and the drive towards climate-neutrality so that we can continue to strengthen HHLA’s future viability.”

The full release can be downloaded here.

Comment on this article

You must be logged in to post a comment.