Logistics segment
in € million |
|
2024 |
|
2023 |
|
Change |
|---|---|---|---|---|---|---|
Revenue |
|
83.7 |
|
78.2 |
|
7.0 % |
EBITDA |
|
17.1 |
|
10.6 |
|
61.7 % |
EBITDA margin in % |
|
20.4 |
|
13.5 |
|
6.9 pp |
EBIT |
|
- 0.4 |
|
0.6 |
|
neg. |
EBIT margin in % |
|
- 0.4 |
|
0.7 |
|
neg. |
At-equity earnings |
|
4.4 |
|
4.1 |
|
9.5 % |
The key financial figures for the Logistics segment include the vehicle logistics, consultancy and digital services divisions, a leasing company for the Intermodal segment and business activities with which HHLA aims to tap new growth fields. The results from dry bulk and fruit logistics are included in at-equity earnings.
The consolidated companies reported revenue of € 83.7 million in the 2024 financial year, up 7.0 % on the prior-year figure of € 78.2 million. Whereas revenue from vehicle logistics decreased significantly, the leasing company and automation technology in particular achieved year-on-year growth.
The operating result (EBIT) amounted to € - 0.4 million in the reporting period (previous year: € 0.6 million). Although the performance of the segment’s individual companies varied, the vehicle logistics result was strongly below the prior-year figure, which benefitted among other things from higher other operating income. Segment EBIT was also dampened by effects from the suspension of operations at one company. By contrast, the leasing company’s contribution to earnings increased strongly during the reporting period.
Driven by bulk cargo handling, at-equity earnings in the Logistics segment grew by 9.5 % to € 4.4 million in the 2024 financial year (previous year: € 4.1 million).