Intermodal segment
in € million |
|
2021 |
|
2020 |
|
Change |
|---|---|---|---|---|---|---|
Revenue |
|
519.4 |
|
476.8 |
|
8.9 % |
EBITDA |
|
151.1 |
|
131.8 |
|
14.6 % |
EBITDA margin in % |
|
29.1 |
|
27.7 |
|
1.4 pp |
EBIT |
|
104.3 |
|
88.3 |
|
18.2 % |
EBIT margin in % |
|
20.1 |
|
18.5 |
|
1.6 pp |
Container transport in thousand TEU |
|
1,690 |
|
1,536 |
|
10.0 % |
In the highly competitive market for container traffic in the hinterland of major seaports, HHLA’s transport companies achieved significant volume growth in 2021. Container transport increased by 10.0 % to 1,690 thousand TEU (previous year: 1,536 thousand TEU). Rail continued to benefit more than road from the recovery in freight volumes that began in the second half of 2020. Rail transport increased strongly by 12.8 % year-on-year to 1,379 thousand TEU (previous year: 1,222 thousand TEU). Growth in the third and fourth quarters was slower, however, due to the strong recovery in volumes already recorded in the prior-year quarters. The volume growth achieved over the year as a whole was due both to traffic with the North European ports and a strong increase in continental transport volumes. In a persistently challenging market environment, road transport volumes of 312 thousand TEU were on a par with the previous year (previous year: 314 thousand TEU). In contrast to the general recovery in volumes, transport volumes in the Hamburg area continued to decline.
Container transport
in thousand TEU
At € 519.4 million, revenue rose by 8.9 % year-on-year (previous year: € 476.8 million). However, this increase failed to match the development in transport volumes: although the advantageous rail share of HHLA’s total intermodal transportation rose from 79.6 % to 81.6 %, average revenue per TEU decreased slightly as a result of changes to the structure of freight flows.
In light of the positive trend in volume and revenue, the operating result (EBIT) increased by 18.2 % to € 104.3 million in the reporting period (previous year: € 88.3 million). This figure includes a higher subsidy for route prices of € 11 million granted retroactively in the third quarter. At 20.1 %, the EBIT margin was 1.6 percentage points above the prior-year figure (previous year: 18.5 %).
HHLA continues to invest as needed in the expansion of its intermodal network. The decrease in route prices for German rail freight applied in mid-2018 is bolstering the development of the intermodal service portfolio. HHLA’s rail subsidiary METRANS put seven new multi-system locomotives into operation during 2021. It now has approximately 130 shunters and locomotives, as well as a fleet of over 3,200 container wagons. The network consists of 17 terminals in the hinterland, of which five function as large hub terminals. Group overview/business activities
A port’s catchment area.
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.
Transportation via several modes of transport (water, rail, road) combining the specific advantages of the respective carriers.
Revenue from sales or lettings and from services rendered, less sales deductions and VAT.
Earnings before interest and taxes.
In maritime logistics, a terminal is a facility where freight transported by various modes of transport is handled.
A terminal which bundles and distributes consignments as handling hub. HHLA’s rail companies operate hub terminals like this in Ceska Trebova, Budapest, Dunajska Streda, Poznan and Prague.