At a glance
-
Major achievements
- HHLA kept production running despite pandemic-related restrictions
- Automation of block storage at CTB to boost efficiency continued
- Negotiations with CSPL on strategic minority shareholding in Container Terminal Tollerort
- Dividend payment of 45 cents per class A share with majority opting for scrip dividend
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Market environment
- Persisting imbalances in trade flows due to a lack of empty containers and shipping space as a result of catch-up effects
- Delays in sailing schedules led to high pressure on terminals and hinterland transport systems
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Results
- Container throughput growth still masked by the loss of a Far East service in previous year whereas container transport grew strongly
- EBIT benefited from increase in storage fees and strong development of transport volumes
- ROCE in line with the medium- and long-term target of 8.5 %
Letter to the Shareholders
In an increasingly interconnected world, only strong international partnerships can help us successfully tackle the challenges of the future, such as climate change.
Angela TitzrathChairwoman of the Executive Board
Key Figures
Group
Revenue in € million
- 1H 2021 709.2
- 1H 2020 628.4
Profit after tax and minority interests in € million
- 1H 2021 38.8
- 1H 2020 14.1
EBIT in € million
- 1H 2021 90.5
- 1H 2020 55.5
Operating cash flow in € million
- 1H 2021 150.0
- 1H 2020 159.8
12.8 %
EBIT margin
8.5 %
ROCE
Port Logistics
Revenue in € million
- 1H 2021 695.1
- 1H 2020 614.2
Earnings per share in €
- 1H 2021 0.49
- 1H 2020 0.15
EBIT in € million
- 1H 2021 83.8
- 1H 2020 49.1
Operating cash flow in € million
- 1H 2021 142.4
- 1H 2020 150.0
12.0 %
EBIT margin
8.7 %
ROCE
Real Estate
Revenue in € million
- 1H 2021 18.4
- 1H 2020 18.0
Earnings per share in €
- 1H 2021 1.45
- 1H 2020 1.27
EBIT in € million
- 1H 2021 6.6
- 1H 2020 6.1
35.8 %
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, Tallinn in Estonia und Trieste in Italy.
Container throughput
in TEU thousand
- 1H 2021 3,369
- 1H 2020 3,345
Revenue
in € million
- 1H 2021 404.9
- 1H 2020 363.4
57 %
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 2021 832
- 1H 2020 718
Revenue
in € million
- 1H 2021 252.9
- 1H 2020 223.2
36 %
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, automation technology or airborne logistics services complement the range of services. Additionally, HHLA markets its expertise in infrastructure and project development internationally.
Revenue in € million
- 1H 2021 35.4
- 1H 2020 25.9
5 %
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 2021 18.4
- 1H 2020 18.0
3 %
Share of revenue