At a glance
-
Major achievements
- Closure of CTO as result of Russian war of aggression against Ukraine with limited financial impact on the group; hinterland transportation for essential goods such as food or medicine still in place
- Efficiency programme: automation of block storage and development of AGV area at CTB continued
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Market environment
- Persisting disruptions to worldwide trade flows led to congestion at main ports in the European north range
- Ongoing shipping delays, zero-Covid policy in China as well as implementation of EU sanctions against Russia intensify high pressure on terminals and hinterland transport systems
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Results
- Container throughput increased by 3.7 %; container transport grew by 3.1 %
- EBIT benefited from volume gains as well as increase in storage fees due to longer dwell times
- ROCE well above medium- and long-term target of 8.5 %
Letter to the Shareholders
The current challenges can only be overcome if all participants in the logistics supply chain work together.
Angela TitzrathChairwoman of the Executive Board
Key Figures
Group
Revenue in € million
- 3M 2022 386.2
- 3M 2021 348.7
Profit after tax and minority interests in € million
- 3M 2022 22.8
- 3M 2021 21.3
EBIT in € million
- 3M 2022 53.7
- 3M 2021 46.3
Operating cash flow in € million
- 3M 2022 89.1
- 3M 2021 68.2
13.9 %
EBIT margin
9.5 %
ROCE
Port Logistics
Revenue in € million
- 3M 2022 377.5
- 3M 2021 342.0
Earnings per share in €
- 3M 2022 0.28
- 3M 2021 0.27
EBIT in € million
- 3M 2022 49.2
- 3M 2021 43.3
Operating cash flow in € million
- 3M 2022 83.1
- 3M 2021 63.5
13.0 %
EBIT margin
9.6 %
ROCE
Real Estate
Revenue in € million
- 3M 2022 10.7
- 3M 2021 9.1
Earnings per share in €
- 3M 2022 0.93
- 3M 2021 0.63
EBIT in € million
- 3M 2022 4.4
- 3M 2021 2.9
41.4 %
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, Tallinn in Estonia und Trieste in Italy.
Container throughput
in TEU thousand
- 3M 2022 1,740
- 3M 2021 1,677
Revenue
in € million
- 3M 2022 216.4
- 3M 2021 198.1
56 %
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
- 3M 2022 431
- 3M 2021 418
Revenue
in € million
- 3M 2022 138.7
- 3M 2021 124.7
36 %
Share of revenue
Logistics
In this segment, HHLA pools a wide range of port-related services such as dry bulk, vehicle and fruit logistics. Business activities in process automation, additive manufacturing or air-based logistics services complement the range of services. HHLA also markets its expertise in infrastructure and project development internationally.
Revenue in € million
- 3M 2022 19.2
- 3M 2021 17.9
5 %
Share of revenue
Real Estate
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.
Revenue in € million
- 3M 2022 10.7
- 3M 2021 9.1
3 %
Share of revenue