At a glance
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Revenue declined sharply while EBIT falls by half
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Market environment was hit hard by the impact of the coronavirus pandemic in Q2
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High pressure on transport systems due to blank sailings and reduced utilisation
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Liquidity sufficient to meet due payment obligations at all times, despite the pandemic-induced burdens
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Guidance 2020 remains: Strong decline in volumes, revenue and EBIT expected
Letter to the Shareholders
HHLA stands by its promises to shareholders. In spite of a challenging financial year, we still intend to share the success of the previous year with our shareholders.
Angela TitzrathChairwoman of the Executive Board
Key Figures
Group
Revenue in € million
- 1H 2020 628.4
- 1H 2019 693.7
Profit after tax and minority interests in € million
- 1H 2020 14.1
- 1H 2019 54.7
EBIT in € million
- 1H 2020 55.5
- 1H 2019 114.3
Operating cash flow in € million
- 1H 2020 159.8
- 1H 2019 173.1
8.8 %
EBIT margin
5.4 %
ROCE
Port Logistics
Revenue in € million
- 1H 2020 614.2
- 1H 2019 677.5
Earnings per share in €
- 1H 2020 0.15
- 1H 2019 0.71
EBIT in € million
- 1H 2020 49.1
- 1H 2019 105.6
Operating cash flow in € million
- 1H 2020 150.0
- 1H 2019 163.6
8.0 %
EBIT margin
5.2 %
ROCE
Real Estate
Revenue in € million
- 1H 2020 18.0
- 1H 2019 19.9
Earnings per share in €
- 1H 2020 1.27
- 1H 2019 1.80
EBIT in € million
- 1H 2020 6.1
- 1H 2019 8.5
34.0 %
EBIT margin
HHLA Segments
Container
HHLA’s container terminals link ships, rail freight and trucks to create an efficient transport chain. The terminals in Hamburg form the most important European hub between Asia and Central/Eastern Europe. HHLA also operates a container terminal in the Ukrainian city of Odessa and Tallinn in Estonia.
Container throughput
in TEU thousand
- 1H 2020 3,345
- 1H 2019 3,770
Revenue
in € million
- 1H 2020 363.4
- 1H 2019 401.7
58 %
Share of revenue
Intermodal
HHLA’s rail companies operate a comprehensive transport and terminal network for container transportation and connect ports on the North and Baltic seas, as well as the Northern Adriatic, with their hinterland. Transshipments by truck within the Port of Hamburg round off the service portfolio.
Container transport
in TEU thousand
- 1H 2020 718
- 1H 2019 782
Revenue
in € million
- 1H 2020 223.2
- 1H 2019 244.1
35 %
Share of revenue
Logistics
In this segment, HHLA pools a wide range of port-related services such as dry bulk, vehicle and fruit logistics. New business activities such as additive manufacturing or airborne logistics services complement the range of services. Additionally, HHLA markets its expertise in infrastructure and project development internationally.
Revenue in € million
- 1H 2020 25.9
- 1H 2019 29.7
4 %
Share of revenue
Real Estate
Following the sustainable renovation of Hamburg’s landmarked Speicherstadt historical warehouse district to create an exemplary redeveloped quarter, HHLA is committed to intelligent site development and preserving the city’s fishing tradition with the Hamburg-Altona fish market.
Revenue in € million
- 1H 2020 18.0
- 1H 2019 19.9
3 %
Share of revenue