Intermodal segment
in € million |
|
2024 |
|
2023 |
|
Change |
|---|---|---|---|---|---|---|
Revenue |
|
711.3 |
|
620.5 |
|
14.6 % |
EBITDA |
|
135.0 |
|
124.8 |
|
8.2 % |
EBITDA margin in % |
|
19.0 |
|
20.1 |
|
- 1.1 pp |
EBIT |
|
83.7 |
|
72.9 |
|
14.8 % |
EBIT margin in % |
|
11.8 |
|
11.7 |
|
0.1 pp |
Container transport in thousand TEU |
|
1,787 |
|
1,602 |
|
11.6 % |
In the highly competitive market for container traffic in the hinterland of major seaports, HHLA’s transport companies recorded a strong increase in volume in 2024. Container transport increased by 11.6 % to 1,787 thousand standard containers (TEU) (previous year: 1,602 thousand TEU).
Rail transport rose year-on-year by 13.2 % to stand at 1,545 thousand TEU (previous year: 1,365 thousand TEU). The strong rise in transport volumes in the German-speaking countries more than offset the decline in traffic with Adriatic seaports and the slower growth in Polish traffic. The positive volume trend was also aided by the acquisition of a majority shareholding in Roland Spedition GmbH in the second quarter.
Container transport
in thousand TEU
Road transport rose slightly by 2.2 % to 242 thousand TEU (previous year: 236 thousand TEU). The recovery in transport volume in the Hamburg region in particular contributed to this development.
With a year-on-year increase of 14.6 % to € 711.3 million (previous year: € 620.5 million), revenue growth was stronger than the rise transport volumes. In addition to price adjustments, this was mainly due to the further increase in rail’s share of HHLA’s total intermodal transport volumes from 85.2 % to 86.5 %.
The operating result (EBIT) amounted to € 83.7 million in the reporting period (previous year: € 72.9 million), an increase of 14.8 %. The EBIT margin of 11.8 % was on a par with the previous year (previous year: 11.7 %). The main reason for the positive EBIT trend was the increase in transport volumes. There was an opposing effect from increased union wage rates and the expansion of operations in rail transport.
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 six new multi-system locomotives into operation during 2024. It now has approximately 150 shunters and locomotives, as well as a fleet of over 4,000 container wagons. The network consists of 20 terminals in the hinterland, of which five serve as large hub terminals.