Intermodal segment
in € million |
|
1–3 | 2022 |
|
1–3 | 2021 |
|
Change |
|---|---|---|---|---|---|---|
Revenue |
|
138.7 |
|
124.7 |
|
11.3 % |
EBITDA |
|
33.6 |
|
32.9 |
|
2.1 % |
EBITDA margin in % |
|
24.2 |
|
26.4 |
|
- 2.2 pp |
EBIT |
|
21.6 |
|
21.6 |
|
0.2 % |
EBIT margin in % |
|
15.6 |
|
17.3 |
|
- 1.7 pp |
Container transport in thousand TEU |
|
431 |
|
418 |
|
3.1 % |
In the highly competitive market for container traffic in the hinterland of major seaports, HHLA’s transport companies recorded moderate volume growth in the first three months of 2022. Container transport increased in total by 3.1 % to 431 thousand standard containers (TEU) (previous year: 418 thousand TEU). Rail transport rose significantly by 7.3 % year-on-year to 361 thousand TEU (previous year: 336 thousand TEU). Traffic from the North German seaports achieved strong growth, while the volume transported from the Adriatic seaports increased moderately. Following a substantial recovery in the second half of 2021, road transport fell strongly in the first quarter of 2022. In a persistently challenging market environment, transport volumes decreased year-on-year by 13.8 % to 71 thousand TEU (previous year: 82 thousand TEU).
With year-on-year growth of 11.3 % to € 138.7 million (previous year: € 124.7 million), revenue growth was considerably stronger than the increase in transport volumes. This was due to the further rise in the rail share of HHLA’s total intermodal transportation from 80.4 % to 83.6 % and a change in the structure of freight flows.
The operating result (EBIT) rose by 0.2 % to € 21.6 million in the reporting period (previous year: € 21.6 million). The EBIT margin fell by 1.7 percentage points to 15.6 % (previous year: 17.3 %). The main reason for this weak EBIT performance was the strong rise in energy prices. Operational interruptions due to storm damage in February and the disruptions to international transport chains also had a negative impact on earnings.