Annual Report 2022

Intermodal segment

Key figures

in € million













14.6 %







- 4.7 %

EBITDA margin in %






- 4.9 pp







- 8.6 %

EBIT margin in %






- 4.1 pp

Container transport in thousand TEU






0.2 %

In the highly competitive market for container traffic in the hinterland of major seaports, HHLA’s transport companies achieved a slight growth in volumes in 2022. Container transport increased by 0.2 % to 1,694 thousand standard containers (TEU) (previous year: 1,690 thousand TEU).

Container transport

in thousand TEU

Developments in container transport (bar chart)

Rail transport rose by 2.2 % year-on-year to 1,409 thousand TEU (previous year: 1,379 thousand TEU). In addition to slight growth for traffic with the North German seaports, a strong increase in Polish traffic and a moderate rise in the German-speaking market contributed to this development. Transport with the Adriatic seaports, however, was slightly down on last year. Compared to the previous year, road transport fell significantly during the reporting period. Transport volumes decreased by 8.7 % to 285 thousand TEU (previous year: 312 thousand TEU), due in particular to falling transport volumes in the Hamburg region.

With a year-on-year increase of 14.6 % to € 595.4 million (previous year: € 519.4 million), revenue growth was much stronger than the increase in transport volumes. This was due to the further increase in the rail share of HHLA’s total intermodal transportation from 81.6 % to 83.2 % as well as temporary price surcharges for rail transport that were required to partially offset the spike in energy prices.

The operating result (EBIT) amounted to € 95.3 million in the reporting period (previous year: € 104.3 million), thus decreasing by 8.6 %. The EBIT margin fell by 4.1 percentage points to 16.0 % (previous year: 20.1 %). Earnings were burdened by operational interruptions due to ongoing supply chain disruptions and the strong rise in energy prices, which could only be passed on to the market after some delay. There was also a higher subsidy for route prices of approximately € 11 million granted retroactively in the third quarter of the previous year.

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. As of year-end 2022, HHLA’s rail sub­sidiary METRANS had approximately 130 shunters and locomotives and a fleet of over 3,600 container wagons. The network consists of 16 terminals in the hinterland, of which seven function as large hub terminals. Market and competition


Earnings before interest and taxes.
A port’s catchment area.
Hub terminal (Hinterland)
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.
Intermodal/Intermodal systems
Transportation via several modes of transport (water, rail, road) combining the specific advantages of the respective carriers.
Standard container
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.
TEU (twenty-foot equivalent unit)
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.
In maritime logistics, a terminal is a facility where freight transported by various modes of transport is handled.

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