Significant events and transactions

As of 31 March 2023, HHLA’s group of consolidated companies was expanded to include Survey Compass GmbH, Treben, Germany, which was acquired in January 2023 and has been assigned to the Logistics segment, as well as ADRIA RAIL d.o.o., Rijeka, Croatia, which was acquired in March 2023 and has been assigned to the Intermodal segment.

On 21 March 2023, the Supervisory Board of HHLA approved the option in place for HHLA PLT Italy S.r.l., Trieste, Italy, to expand the existing infrastructure. HHLA therefore has the opportunity to gradually increase its stake in the company by acquiring the shares of former shareholders in conjunction with further capital increases. The contractual terms are currently being negotiated.

Within the Port Logistics and Real Estate subgroups, both the key economic indicators for the first three months of 2023 and HHLA’s actual economic performance were largely in line with the performance forecast in the 2022 combined management report. However, as segment performance in the first quarter was uneven, the forecast for the 2023 financial year has been adjusted compared to the most recently stated expectations.

However, EBIT expectations for the Port Logistics subgroup and the Group remain unchanged within the stated ranges. There were no other significant events or transactions in HHLA’s 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.