At a glance
-
Market environment
- Persisting supply chain disruptions led to congestion at main European North Range ports
- War in Ukraine intensifies high pressure on terminals and hinterland transport systems
- Agreement on collective bargaining agreements for German ports still pending
-
Major events and achievements
- High storage utilisation restricted quayside handling capacity at container terminals in Hamburg; volume growth in Tallinn and Hamburg more than offsets CTO volumes
- Efficiency programme: automation of block storage and development of AGV area at CTB continued
- Odessa (Ukraine): hinterland transportation for essential goods running
-
Results
- Container throughput at prior-year level; container transport up 2.2 %
- EBIT benefited from increase in storage fees due to longer dwell times as well as further growth in rail share of total HHLA intermodal transport volumes
- ROCE above medium- and long-term target of 8.5 %
Letter to the Shareholders
The disruptions to supply chains continue to pose major operational challenges for us and it is not currently clear when the situation will return to normality. Only an innovative, sustainable logistics network can be the critical infrastructure that is required to meet growing needs.
Angela TitzrathChairwoman of the Executive Board
Key Figures
Group
Revenue in € million
- 1H 2022 779.5
- 1H 2021 709.2
Profit after tax and minority interests in € million
- 1H 2022 43.9
- 1H 2021 38.8
EBIT in € million
- 1H 2022 101.3
- 1H 2021 90.5
Operating cash flow in € million
- 1H 2022 127.3
- 1H 2021 150.0
13.0 %
EBIT margin
8.9 %
ROCE
Port Logistics
Revenue in € million
- 1H 2022 761.9
- 1H 2021 695.1
Earnings per share in €
- 1H 2022 0.53
- 1H 2021 0.49
EBIT in € million
- 1H 2022 91.7
- 1H 2021 83.8
Operating cash flow in € million
- 1H 2022 114.1
- 1H 2021 142.4
12.0 %
EBIT margin
9.0 %
ROCE
Real Estate
Revenue in € million
- 1H 2022 21.5
- 1H 2021 18.4
Earnings per share in €
- 1H 2022 2.03
- 1H 2021 1.45
EBIT in € million
- 1H 2022 9.4
- 1H 2021 6.6
43.9 %
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 and Trieste in Italy.
Container throughput
in TEU thousand
- 1H 2022 3,368
- 1H 2021 3,369
Revenue
in € million
- 1H 2022 438.8
- 1H 2021 404.9
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 2022 851
- 1H 2021 832
Revenue
in € million
- 1H 2022 281.6
- 1H 2021 252.9
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 2022 37.0
- 1H 2021 35.4
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 2022 21.5
- 1H 2021 18.4
2 %
Share of revenue