Half-year Financial Report January – June 2025

Half-year Financial Report January – June 2025

Discover the report
Market environment
Major events
Financial performance
  • Ongoing economic weakness in Germany, geopolitical conflicts in Ukraine and the Middle East, and growing protectionist trends – particularly in US trade policy – continue to weigh on the global economy and world trade
  • Far East volumes continue to rise, driven especially by growth from China
  • Progress in modernising Hamburg container terminals: preparation of new remote-controlled cranes at CTA and introduction of AGV area at CTB underway
  • HHLA TK Estonia: FERNRIDE begins transition to driverless operations
  • Planning platform “heyport”: successful implementation at five terminals in Morocco
  • Commitment to Ukraine: majority stake of 60 % in Intermodal terminal Batiovo acquired
  • Container throughput up by 7.9 %; container transport rose by 19.6 %
  • Revenue and EBIT growth supported by volume growth, a favourable modal split, as well as high storage fees at the container terminals due to temporary increases in dwell times, leading to EPS of € 0.21

Foreword

Angela Titzrath – CEO (Photo)

Angela Titzrath

Chief Executive Officer

HHLA’s successful trajectory continued in the second quarter of 2025. The strengthening of our European network is delivering tangible results.
Foreword

Key figures January – June 2025

Group
Port Logistics
Real Estate

3,172

+ 7.9 %

Container throughput
in TEU thousand

997

+ 19.6 %

Container transport
in TEU thousand

884.5

+ 16.3 %

Revenue
in € million

79.4

+ 34.8 %

EBIT
in € million

9.0

+ 1.3 pp

EBIT margin
in %

19.1

+ 44.4 %

Profit after tax and
minority interests
in € million

To the Income statement

865.7

+ 16.6 %

Revenue
in € million

72.4

+ 40.1 %

EBIT
in € million

8.4

+ 1.4 pp

EBIT margin
in %

0.21

+ 72.7 %

Earnings per share
in €

To the Income statement

23.4

+ 1.8 %

Revenue
in € million

6.7

- 3.4 %

EBIT
in € million

28.8

- 1.5 pp

EBIT margin
in %

1.40

- 13.0 %

Earnings per share
in €

To the Income statement

HHLA segments

426.2

Revenue
in € million

48 %

Share of revenue

426.2

Revenue
in € million

48 %

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 and Trieste in Italy.

To the Container segment

400.5

Revenue
in € million

45 %

Share of revenue

400.5

Revenue
in € million

45 %

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

44.8

Revenue
in € million

5 %

Share of revenue

44.8

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 and leasing 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

23.4

Revenue
in € million

3 %

Share of revenue

23.4

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