Half-year Financial Report January – June 2024

Half-year Financial Report January – June 2024

Discover the report
Market environment
Major achievements
Results
  • China’s pronounced economic weakness, geopolitical tensions, the military conflict in the Middle East and the ongoing war in Ukraine continued to dampen economic recovery
  • High degree of volatility due to the military conflict in the Red Sea and the subsequent route changes, leading to many deviations in the schedules of shipping liner services
  • Hamburg terminals: First AGVs for testing area at CTB and new IT system implemented
  • Acquisition of 51 % stake in Austrian intermodal service provider Roland Spedition closed in Q2
  • Metrans pushes expansion of intermodal capacities and extends terminal area in Dunajská Streda
  • Sustainable innovation: HHLA put the first two electrically powered trucks into operation to decarbonize the last mile and open up the first hydrogen filling station for port vehicles at CTT
  • Container throughput up by 2.2 %; container transport rose by 1.8 %
  • Revenue gain of 4.9 % supported by temporary higher storage fees
  • Positive EBIT supported by temporary higher storage fees and earnings safeguarding measures
  • EPS of € 0.12

Foreword

Angela Titzrath – CEO (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 – June

Group
Port Logistics
Real Estate

2,940

+ 2.2 %

Container throughput
in TEU thousand

833

+ 1.8 %

Container transport
in TEU thousand

760.3

+ 4.6 %

Revenue
in € million

58.9

+ 16.8 %

EBIT
in € million

7.7

+ 0.8 pp

EBIT margin
in %

13.2

+ 61.7 %

Profit after tax and
minority interests
in € million

To the Income statement

742.5

+ 4.9 %

Revenue
in € million

51.7

+ 27.5 %

EBIT
in € million

7.0

+ 1.3 pp

EBIT margin
in %

0.12

+ 231.5 %

Earnings per share
in €

To the Income statement

23.0

- 1.8 %

Revenue
in € million

7.0

- 27.7 %

EBIT
in € million

30.4

- 10.9 pp

EBIT margin
in %

1.61

- 20.7 %

Earnings per share
in €

To the Income statement

HHLA segments

Container

378.7

Revenue
in € million

49 %

Share of revenue

378.7

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

327.7

Revenue
in € million

43 %

Share of revenue

327.7

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

38.7

Revenue
in € million

5 %

Share of revenue

38.7

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

23.0

Revenue
in € million

3 %

Share of revenue

23.0

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