Annual Report 2023

Group structure

Hamburger Hafen und Logistik AG (HHLA) is a leading European port logistics group. The Group is operated as a strategic management holding company divided into two subgroups, Port Logistics and Real Estate. The class A shares, which are listed on the stock exchange, relate to the Port Logistics subgroup and entitle shareholders to participate in the result and net assets of these operations. The Real Estate subgroup includes those HHLA properties that are not specific to port handling. The performance and economic result of the Real Estate subgroup, which also pursues urban development objectives, are represented by the class S shares. These shares are not traded on the stock exchange and are held solely by the Free and Hanseatic City of Hamburg (FHH). In the unlikely and unprecedented event of the Real Estate subgroup reporting a loss, this would be indirectly transferred to the Free and Hanseatic City of Hamburg in line with a separate agreement to assume losses.

The HHLA Group’s operations are conducted by 37 domestic and 31 foreign subsidiaries and associated companies. In the 2023 financial year, HHLA increased its group of consolidated companies with a view to optimising its Intermodal business and expanding its digital activities. No other significant legal or organisational changes were made. Notes to the consolidated financial statements, no. 3 Composition of the Group

Group overview


Port Logistics1

Listed class A shares







Shareholder structure

Share capital: total of 75,219,438 no-par-value registered shares

of which 72,514,938 class A shares

– listed –

13 %
10 %
8 %
69 %

Mediterranean Shipping Company (MSC)

9,357,782 class A shares, acquired on the stock market

7,325,366 class A shares, tendered

Free float

13,013,993 class A shares

Free and Hanseatic City of Hamburg

Shareholding: 50,215,336 class A shares + 2,704,500 class S shares


Real Estate

non-listed class S shares


Real Estate

of which 2,704,500 class S shares

– non-listed –

100 %

1 incl. Holding/Other

Group overview

Intermodal/Intermodal systems
Transportation via several modes of transport (water, rail, road) combining the specific advantages of the respective carriers.

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