Half-year Financial Report January – June 2023

Half-year Financial Report January – June 2023

Discover the report
Market environment
Major achievements
Results
  • Continuing war in Ukraine, geopolitical tensions, inflation and rising interest rates are dampening the purchasing patterns of consumers and industry and led to declining container trade volumes
  • Container dwell times in the ports reached a more normalized level
  • Efficiency programme: automation of block storage & development of AGV area continued
  • Finalising of the CSPL’s minority shareholding in CTT
  • Metrans expands rail network to South-Eastern Europe
  • HHLA TK Estonia and FERNRIDE successfully complete first phase of joint project on autonomous driving at the terminal
  • Container throughput down strongly; container transport decreased moderately
  • Revenue and EBIT impacted by drop in volumes and decline in storage fees
  • Investments in environmentally friendly equipment proceeded; capex after six months of € ~142 m in line with full-year guidance

Foreword

Angela Titzrath – CEO (Photo)

Angela Titzrath

Chief Executive Officer

As a European logistics company, the global economic slowdown also directly affects HHLA. With this in mind, we are working all the more resolutely to overcome the current challenges and capitalise on future opportunities.
Foreword

Key figures January – June

Group
Port Logistics
Real Estate

2,876

- 14.6 %

Container throughput
in TEU thousand

819

- 3.7 %

Container transport
in TEU thousand

727.1

- 6.7 %

Revenue
in € million

50.4

- 50.3 %

EBIT
in € million

6.9

- 6.1 pp

EBIT margin
in %

8.2

- 81.4 %

Profit after tax and
non-controlling interests
in € million

To the Income statement

707.7

- 7.1 %

Revenue
in € million

40.5

- 55.8 %

EBIT
in € million

5.7

- 6.3 pp

EBIT margin
in %

0.04

- 93.0 %

Earnings per share
in €

To the Income statement

23.4

8.6 %

Revenue
in € million

9.7

2.2 %

EBIT
in € million

41.3

- 2.6 pp

EBIT margin
in %

2.03

0.1 %

Earnings per share
in €

To the Income statement

HHLA segments

Container

352.2

Revenue
in € million

48 %

Share of revenue

352.2

Revenue
in € million

48 %

Share of revenue

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.

To the Container segment

Intermodal

313.0

Revenue
in € million

43 %

Share of revenue

313.0

Revenue
in € million

43 %

Share of revenue

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. Truck transports in the local area and in European long-distance traffic as well as transhipments in the Port of Hamburg round off the service portfolio.

To the Intermodal segment

Logistics

40.8

Revenue
in € million

6 %

Share of revenue

40.8

Revenue
in € million

6 %

Share of revenue

In this segment, HHLA pools a wide range of port-related services such as dry bulk, vehicle and fruit logistics. Process automation, air-based logistics services and other digital services for the intermodal sector complement the range of services. HHLA also markets its expertise in infrastructure and project development internationally.

To the Logistics segment

Real Estate

23.4

Revenue
in € million

3 %

Share of revenue

23.4

Revenue
in € million

3 %

Share of revenue

With the long-term development of the landmarked Speicherstadt historical warehouse district as well as the Hamburg Fish Market on the banks of the River Elbe in Altona, HHLA is committed to a site development that is in line with the market and geared towards sustainability.

To the Real Estate segment