Intermodal segment
in € million |
|
1–6 | 2021 |
|
1–6 | 2020 |
|
Change |
|---|---|---|---|---|---|---|
Revenue |
|
252.9 |
|
223.2 |
|
13.3 % |
EBITDA |
|
68.8 |
|
56.1 |
|
22.7 % |
EBITDA margin in % |
|
27.2 |
|
25.1 |
|
2.1 pp |
EBIT |
|
46.0 |
|
34.5 |
|
33.4 % |
EBIT margin in % |
|
18.2 |
|
15.5 |
|
2.7 pp |
Container transport in thousand TEU |
|
832 |
|
718 |
|
16.0 % |
In the highly competitive market for container traffic in the hinterland of major seaports, HHLA’s transport companies recorded strong volume growth in the first half of 2021. Container transport increased by a total of 16.0 % to 832 thousand TEU (previous year: 718 thousand TEU). Rail continued to benefit more than road from the recovery in freight volumes that began in the second half of 2020. Rail transport increased by a remarkable 19.3 % year-on-year to 678 thousand TEU (previous year: 568 thousand TEU). This increase was even greater in the second quarter due to the pandemic’s impact on the same quarter in the previous year. The growth in volume during the first half of the year was widely diversified. In a persistently challenging market environment, road transport increased moderately by 3.4 % to 155 thousand TEU (previous year: 149 thousand TEU).
At € 252.9 million, revenue rose strongly by 13.3 % year-on-year (previous year: € 223.2 million). However, this increase failed to match the development in transport volumes: although the advantageous rail share of HHLA’s total intermodal transportation rose from 79.2 % to 81.4 %, average revenue per TEU decreased as a result of changes to the structure of freight flows.
In light of the positive trend in volume and revenue, the operating result (EBIT) increased by 33.4 % to € 46.0 million in the reporting period (previous year: € 34.5 million).