Expected Group performance

The economic development of HHLA in the first half of 2022 was largely in line with expectations. The disclosures made in the Annual Report and Quarterly Report regarding the expected course of business in 2022 therefore continue to apply. However, expectations for container throughput as well as earnings expectations in the Intermodal segment have been gradually downgraded. By contrast, expectations for the development of revenue and EBIT in the Real Estate subgroup have been upgraded.

Against the backdrop of ongoing disruptions to international supply chains, container throughput in the Port Logistics subgroup is expected to be on a par with the prior-year figure (previously: moderate increase). A moderate year-on-year increase in container transport is still seen as possible.

Taking into account the lower volumes handled in the Container segment in the second half of the year and the delayed levelling off of average revenue, the Port Logistics subgroup is still expected to see a moderate increase in revenue.

EBIT for the Port Logistics subgroup is still expected to be within the range of € 160 million to € 195 million. Due to the ongoing supply chain disruptions and their impact on operations, however, the EBIT contribution of the Intermodal segment is likely to be on a par with the previous year (previously: moderate increase).

For the Real Estate subgroup, a significant year-on-year increase in both revenue and EBIT is considered possible (previously: moderate increase for each).

Taking into account the divergent developments of the segments, a moderate increase in revenue is still expected at Group level with an operating result (EBIT) in the range of € 175 million to € 210 million.

In order to further increase productivity and expand capacity in the Container and Intermodal segments, capital expenditure at Group level is expected to be in the range of € 300 million and € 350 million in 2022. The Port Logistics subgroup will continue to account for € 270 million and € 320 million of this amount.