Interim Statement January – September 2024

Interim Statement January – September 2024

Discover the report
Market environment
Major events & achievements
Financial performance
  • Ongoing economic weakness in Germany, the military conflict in the Middle East with its impact on sea routes and the war in Ukraine continued to affect global trade
  • Cargo flows from / to North America increased significantly, indicating that US companies are stocking up in anticipation of potential punitive tariffs after the US election
  • Hamburg terminals: Extensive test phase of automated guided vehicles (AGVs) at CTB underway
  • Acquisition of 51 % stake in Austrian intermodal service provider Roland Spedition closed in Q2
  • Prototype testing of a hydrogen-powered tractor unit at CTT
  • Resumption of waterside handling at CTO in Q3
  • Container throughput up by 0.9 %; container transport rose by 8.1 %
  • Revenue increase of 8.9 % supported by rise in transport volume and temporary higher storage fees at Hamburg container terminals
  • EBIT development mainly driven by temporary elevated storage fees; EPS of € 0.22

Foreword

Angela Titzrath – Chairwoman of the Executive Board (Photo)

Angela Titzrath

Chief Executive Officer

We remain committed to developing HHLA into a leading provider of sustainable, digitalised and networked logistics solutions in Europe.
Foreword

Key figures January – September

Group
Port Logistics
Real Estate

4,496

+ 0.9 %

Container throughput
in TEU thousand

1,321

+ 8.1 %

Container transport
in TEU thousand

1,182.9

+ 8.5 %

Revenue
in € million

93.2

+ 23.2 %

EBIT
in € million

7.9

+ 1.0 pp

EBIT margin
in %

23.1

+ 94.7 %

Profit after tax and
minority interests
in € million

To the Income statement

1,155.9

+ 8.9 %

Revenue
in € million

81.5

+ 31.8 %

EBIT
in € million

7.1

+ 1.3 pp

EBIT margin
in %

0.22

+ 424.6 %

Earnings per share
in €

To the Income statement

34.3

- 1.9 %

Revenue
in € million

11.4

- 15.4 %

EBIT
in € million

33.3

- 5.3 pp

EBIT margin
in %

2.54

- 21.8 %

Earnings per share
in €

To the Income statement

HHLA segments

Container

578.1

Revenue
in € million

49 %

Share of revenue

578.1

Revenue
in € million

49 %

Share of revenue

HHLA’s container terminals link ships, rail freight and trucks to create an efficient transport chain. The terminals in Hamburg form the most important European hub between Asia and Central/Eastern Europe. HHLA also operates a container terminal in the Ukrainian city of Odessa, Tallinn in Estonia und Trieste in Italy.

To the Container segment

Intermodal

521.9

Revenue
in € million

43 %

Share of revenue

521.9

Revenue
in € million

43 %

Share of revenue

HHLA’s rail companies operate a comprehensive transport and terminal network for container transportation and connect ports on the North and Baltic seas, as well as the Northern Adriatic, with their hinterland. Truck transports in the local area and in European long-distance traffic as well as transhipments in the Port of Hamburg round off the service portfolio.

To the Intermodal segment

Logistics

60.2

Revenue
in € million

5 %

Share of revenue

60.2

Revenue
in € million

5 %

Share of revenue

In this segment, HHLA pools a wide range of port-related services such as dry bulk, vehicle and fruit logistics. Process automation, air-based logistics services and other digital services for the intermodal sector complement the range of services. HHLA also markets its expertise in infrastructure and project development internationally.

To the Logistics segment

Real Estate

34.3

Revenue
in € million

3 %

Share of revenue

34.3

Revenue
in € million

3 %

Share of revenue

With the long-term development of the landmarked Speicherstadt historical warehouse district as well as the Hamburg Fish Market on the banks of the River Elbe in Altona, HHLA is committed to a site development that is in line with the market and geared towards sustainability.

To the Real Estate segment