At a glance
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Revenues fell moderately while EBIT declined strongly with a corresponding impact on profitability
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Market environment in Q1 affected by poor weather conditions and the first signs of a weakening of trade due to the spreading coronavirus pandemic
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High pressure on transport systems due to ship delays and a first series of blank sailings
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Liquidity sufficient to meet due payment obligations at all times, despite the pandemic-induced burdens
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Guidance 2020 remains: Strong decline in volumes, revenues and EBIT expected
Letter to the Shareholders
In its 135-year history, HHLA has mastered many a crisis. We will once again find ways to ensure the company can achieve success in a new reality.
Angela TitzrathChairwoman of the Executive Board
Key Figures
Group
Revenue in € million
- 1Q 2020 335.7
- 1Q 2019 347.6
Profit after tax and minority interests in € million
- 1Q 2020 10.1
- 1Q 2019 29.4
EBIT in € million
- 1Q 2020 36.7
- 1Q 2019 59.7
Operating cash flow in € million
- 1Q 2020 78.9
- 1Q 2019 94.4
10.9 %
EBIT margin
7.0 %
ROCE
Port Logistics
Revenue in € million
- 1Q 2020 327.4
- 1Q 2019 339.8
Earnings per share in €
- 1Q 2020 0.11
- 1Q 2019 0.39
EBIT in € million
- 1Q 2020 32.5
- 1Q 2019 55.7
Operating cash flow in € million
- 1Q 2020 73.5
- 1Q 2019 89.6
9.9 %
EBIT margin
6.9 %
ROCE
Real Estate
Revenue in € million
- 1Q 2020 10.1
- 1Q 2019 9.8
Earnings per share in €
- 1Q 2020 0.91
- 1Q 2019 0.83
EBIT in € million
- 1Q 2020 4.1
- 1Q 2019 3.9
40.3 %
EBIT margin
HHLA Segments
Container
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 and Tallinn in Estonia.
Container throughput
in TEU thousand
- 1Q 2020 1,796
- 1Q 2019 1,865
Revenue
in € million
- 1Q 2020 195.6
- 1Q 2019 200.9
58 %
Share of revenue
Intermodal
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. Transshipments by truck within the Port of Hamburg round off the service portfolio.
Container transport
in TEU thousand
- 1Q 2020 378
- 1Q 2019 398
Revenue
in € million
- 1Q 2020 116.8
- 1Q 2019 123.9
35 %
Share of revenue
Logistics
In this segment, HHLA pools a wide range of port-related services such as dry bulk, vehicle and fruit logistics. New business activities such as additive manufacturing or airborne logistics services complement the range of services. Additionally, HHLA markets its expertise in infrastructure and project development internationally.
Revenue in € million
- 1Q 2020 14.2
- 1Q 2019 14.3
4 %
Share of revenue
Real Estate
Following the sustainable renovation of Hamburg’s landmarked Speicherstadt historical warehouse district to create an exemplary redeveloped quarter, HHLA is committed to intelligent site development and preserving the city’s fishing tradition with the Hamburg-Altona fish market.
Revenue in € million
- 1Q 2020 10.1
- 1Q 2019 9.8
3 %
Share of revenue