Significant events and transactions

The first-time consolidation of 100 % of shares in the companies CL EUROPORT s.r.o., based in Plzen, Czech Republic, and CL EUROPORT Sp.z o.o., based in Malaszewicze, Poland, took place on the acquisition date of 4 January 2022. The companies were included in HHLA’s consolidated group as fully consolidated companies as of 31 March 2022.

With the invasion by Russian troops on 24 February 2022, it must be assumed that the economic environment and economic development in Ukraine will deteriorate further. Moreover, it is still not possible to determine the impact on the global economy with any certainty. Consequently, effects may arise that could have a negative influence on the results of operations, net assets and financial position of the HHLA Group. The potential for future revaluations cannot be ruled out.

Within the Port Logistics and Real Estate subgroups, both the key economic indicators for the first quarter of 2022 and HHLA’s actual economic performance were largely in line with the performance forecast in the 2021 combined management report.

There were no other particular events or transactions during the reporting period, either in HHLA’s operating environment or within the Group, that had a significant impact on its results of operations, net assets and financial position. Results of operations, net assets and financial position