Risk and opportunity report

With regard to the HHLA Group’s risk and opportunity position, the statements made in the 2021 combined management report continue to apply, unless otherwise indicated in this report.

Russia’s invasion of Ukraine and the resulting global consequences, in particular rising inflation and interest rates, the threat of recession as a result of energy shortages and calls for a partial deglobalisation, are all hard to predict with regard to their further development. As a result, these risk assessments are still subject to considerable uncertainty. For example, procurement risks for energy and construction services, interest rate-related impairment risks and currency risks, particularly relating to the Ukrainian hryvnia, have all increased.

As far as the future is concerned, however, there are no discernible risks at present that could jeopardise the continued existence of the company.