Container segment
in € million |
|
2021 |
|
2020 |
|
Change |
|---|---|---|---|---|---|---|
Revenue |
|
841.9 |
|
737.5 |
|
14.2 % |
EBITDA |
|
256.7 |
|
160.4 |
|
60.0 % |
EBITDA margin in % |
|
30.5 |
|
21.7 |
|
8.8 pp |
EBIT |
|
155.3 |
|
65.4 |
|
137.4 % |
EBIT margin in % |
|
18.4 |
|
8.9 |
|
9.5 pp |
Container throughput in thousand TEU |
|
6,943 |
|
6,776 |
|
2.5 % |
In the 2021 reporting year, there was a slight year-on-year increase in container throughput at HHLA’s container terminals of 2.5 % on the whole to 6,943 thousand standard containers (TEU) (previous year: 6,776 thousand TEU).
At 6,328 thousand TEU, throughput volume at the three Hamburg container terminals was up 2.2 % on the prior-year figure (previous year: 6,193 thousand TEU). The positive development of cargo volumes was largely due to the Far East and North and South America shipping regions. This more than offset the pandemic-related volume shortfalls in the previous year and the loss of a Far East service in May 2020. Following a significant decline in volumes in the first quarter, the acquisition of an additional feeder service for the Baltic region in September 2021 led to a slight year-on-year increase in feeder traffic in the reporting period. The proportion of seaborne handling by feeders increased slightly to 20.4 % in the reporting period (previous year: 20.2 %).
Container throughput
in thousand TEU
Throughput volumes at the international container terminals rose significantly by 5.3 % to 615 thousand TEU (previous year: 584 thousand TEU). Container throughput therefore slightly exceeded the pre-pandemic level of 2019 by 0.4 %. This is primarily due to volume growth in Odessa and Tallinn. Only RoRo ships were processed at the Trieste terminal up to the end of November 2021. Container handling started in December.
Segment revenue increased strongly year-on-year by 14.2 % to € 841.9 million for the 2021 financial year (previous year: € 737.5 million). The slight increase in volume of 2.5 % was significantly exceeded by the increase in average revenue. Revenue per container handled at the quayside rose strongly by 11.4 % year-on-year. This was due to a temporary spike in storage fees as a result of ongoing ship delays, some of which were extreme.
In addition to the pandemic-related delays in ship departures worldwide, the blocking of the Suez Canal in March also led to longer dwell times that boosted storage fees. Furthermore, the revenue from the Trieste container terminal was recognised for the first time during the reporting year.
EBIT costs increased slightly by 2.1 % year-on-year during the reporting period. In addition to the expected strong increase in project expenses for the efficiency programme, the additional expenses compared with the previous year were primarily attributable to the higher storage load, resulting in an increased use of both personnel and materials. Further burdens included additional provisions for the restructuring measures currently being implemented, increases in union wage rates, rising energy prices and start-up costs relating to the launch of container terminal operations in Trieste.
Against the backdrop of a rise in average revenue due to the spike in storage fees and the pandemic-related low comparative base of the previous year, and in spite of the above mentioned increase in expenses, the operating result (EBIT) more than doubled, rising by 137.4 % to € 155.3 million (previous year: € 65.4 million). The EBIT margin increased by 9.5 percentage points to 18.4 % and was thus slightly above the pre-pandemic level again (previous year: 8.9 % / 2019: 17.7 %).
In 2021, HHLA continued to invest in climate-friendly handling equipment. For example, HHLA Container Terminal Tollerort (CTT) took delivery of eight new hybrid transport vehicles and HHLA Container Terminal Burchardkai (CTB) took delivery of ten. These vehicles consume considerably less fuel than standard diesel-powered equipment. With the expansion and gradual retrofit of its block storage system, CTB also contributed to the ongoing efforts to modernise and enhance the efficiency of our terminals and made additional investments in ongoing improvements to the rail infrastructure to further boost the future of rail transport. HHLA Container Terminal Altenwerder (CTA) added further lower-emission, battery-powered automated guided vehicles (AGVs) to its fleet. Eleven more of these vehicles have been ordered and will be delivered in 2023. The energy infrastructure has also been expanded to accommodate these new vehicles. A total of 18 automatic charging stations will be available when the full AGV fleet goes into operation. Furthermore, the first battery-powered terminal tractor was put into operation. The findings from this pilot project will be used for the planned electrification of the entire tractor fleet. The international HHLA container terminals also invested in site expansion and the use of more energy-efficient equipment. For example, the container terminal in Tallinn acquired two container gantry cranes from CTB.
A TEU is a 20-foot standard container, used as a unit for measuring container volumes. A 20-foot standard container is 6.06 metres long, 2.44 metres wide and 2.59 metres high.
A TEU is a 20-foot standard container, used as a unit for measuring container volumes. A 20-foot standard container is 6.06 metres long, 2.44 metres wide and 2.59 metres high.
A TEU is a 20-foot standard container, used as a unit for measuring container volumes. A 20-foot standard container is 6.06 metres long, 2.44 metres wide and 2.59 metres high.
Vessels which carry smaller numbers of containers to ports. From Hamburg, feeders are primarily used to transport boxes to the Baltic region.
Short for “roll on, roll off”, RoRo is a means of loading cargo which can simply be rolled or driven onto or off a ship. Most rolling cargo consists of cars of trucks, but project cargo is also transported in this way on special trailers.
In maritime logistics, a terminal is a facility where freight transported by various modes of transport is handled.
Revenue from sales or lettings and from services rendered, less sales deductions and VAT.
Earnings before interest and taxes.
Revenue from sales or lettings and from services rendered, less sales deductions and VAT.
In maritime logistics, a terminal is a facility where freight transported by various modes of transport is handled.
Automated block storage is used at the HHLA Container Terminals Altenwerder and Burchardkai to stack containers in a compact and efficient manner. Containers are stacked in several storage blocks. Rail-mounted gantry cranes are used to transport and stow the boxes.
Payments for investments in property, plant and equipment, investment property and intangible assets.
A fully automatic, driverless transport vehicle which carries containers back and forth between the container gantry cranes on the quayside and the block storage yard at the HHLA Container Terminal Altenwerder.
A crane system used to load and discharge container ships. As ships are becoming larger and larger, the latest container gantry cranes have much higher, longer jibs to match.