Significant events and transactions
On 5 January 2026, Port of Hamburg Beteiligungsgesellschaft SE (PoH) issued a statement that it now holds more than 95 % of the shares in HHLA and that it seeks to transfer the remaining shares held by HHLA’s minority shareholders to PoH against payment of an appropriate cash settlement (so-called squeeze-out acc. to Section 327a AktG). Following completion of the procedure to determine appropriate cash compensation, PoH submitted a detailed transfer request to the company by letter dated 21 April 2026, in which it specified a cash settlement of € 21.16 per class A share and € 40.31 per class S share. At the Annual General Meeting of HHLA AG on 11 June 2026, a resolution was adopted to transfer the class A shares held by minority shareholders to the majority shareholder, PoH, against payment of an appropriate cash settlement as per Section 327a et seqq. AktG. The squeeze-out becomes effective upon entry into the commercial register. According to the Hamburg Regional Court, two legal challenges have been brought against the squeeze-out resolution adopted by the Annual General Meeting. The squeeze-out resolution will not be entered in the commercial register until these legal challenges are either dismissed or withdrawn, or after successful completion of a so-called release procedure pursuant to Section 327e (2) AktG in conjunction with Section 319 (6) AktG.
On 28 April 2026, the Executive Board of HHLA AG resolved to discontinue the business operations of its subsidiary omoqo GmbH, Hamburg, as of 30 September 2026. The special items affecting profit or loss arising from this resolution and the resulting measures are set out in the description of developments in the Logistics segment.
As announced in the ad hoc disclosure of 20 July 2026, HHLA’s Executive Board has adjusted its full-year forecast for the current financial year. The extensive modernisation measures to automate the Hamburg container terminals, together with comprehensive infrastructure measures relating to the rail network, have had a greater impact on operations than expected. As a result, the throughput and transport volumes have fallen short of the original assumptions. At the same time, the challenging macroeconomic environment and ongoing geopolitical uncertainties have weighed on the business development. Furthermore, in light of recent developments, it is no longer expected that HHLA will be able to fully offset the impact of the winter weather at the beginning of the year during the remainder of the financial year. Against this backdrop, the Executive Board expects a lower revenue and earnings development for the 2026 financial year than previously forecast. Further information on the current outlook can be found in the Business Forecast.
There were no other significant events or transactions in HHLA’s immediate operating environment or within the Group during the reporting period which had a significant impact on its results of operations, net assets and financial position.