Half-year Financial Report January – June 2024

Risk and opportunity report

The ongoing geopolitical tensions – particularly as a result of the Russian invasion in Ukraine and the war in the Middle East, together with their impact on the global economic trend – and the development of the market and competitive environment continue to have an effect on the volume and earnings situation at HHLA. Business forecast

It is hard to predict how these developments will progress and risk assessments remain subject to a high degree of uncertainty. As a result, the statements made in the 2023 combined management report with regard to the HHLA Group’s risk and opportunity position continue to apply. The risks identified still do not threaten the ongoing existence of the Group. As far as the future is concerned, there are also no discernible risks at present that could jeopardise the continued existence of the company.