Interim Statement January – March 2024

Interim Statement January – March 2024

Discover the report
Market environment
Major achievements
Results
  • Continuing war in Ukraine, escalating violence in the Middle East and geopolitical tensions, coupled with comparatively high inflation and interest rates, continued to dampen economic recovery
  • Military conflict in the Red Sea led to significant ship delays and cancellations in European ports which also affected hinterland transportation
  • Hamburg terminals: AGV testing area implemented at CTB
  • Metrans acquires remaining 49 % of shares of Adria Rail
  • HHLA strengthens its intermodal activities by acquiring 51 % of Austrian intermodal service provider Roland Spedition GmbH
  • First fully automated drone delivery service in Germany launched by HHLA Sky
  • Container throughput up by 3.3 %; container transport down by 5.5 %
  • Revenue almost flat; aided by increased throughput volumes and temporary higher storage fees
  • EBIT decreased strongly; previous year impacted by positive one-off effect

Foreword

Angela Titzrath – CEO (Photo)

Angela Titzrath

Chief Executive Officer

A broad-based, independent network of seaport and inland terminals across Europe is becoming ever more important. At HHLA, we are steadily expanding this competitive advantage.
Foreword

Key figures January – March 2024

Group
Port Logistics
Real Estate

1,464

3.3 %

Container throughput
in thousand TEU

386

- 5.5 %

Container transport
in thousand TEU

363.6

- 0.3 %

Revenue
in € million

17.4

- 23.9 %

EBIT
in € million

4.8

- 1.5 pp

EBIT margin
in %

- 1.1

neg.

Profit after tax and
minority interests
in € million

To the Income statement

354.9

- 0.0 %

Revenue
in € million

13.7

- 25.6 %

EBIT
in € million

3.9

- 1.3 pp

EBIT margin
in %

- 0.05

neg.

Earnings per share
in €

To the Income statement

11.4

- 2.0 %

Revenue
in € million

3.6

- 17.0 %

EBIT
in € million

31.7

- 5.7 pp

EBIT margin
in %

0.83

- 8.0 %

Earnings per share
in €

To the Income statement

HHLA segments

Container

185.3

Revenue
in € million

50 %

Share of revenue

185.3

Revenue
in € million

50 %

Share of revenue

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.

To the Container segment

Intermodal

151.8

Revenue
in € million

41 %

Share of revenue

151.8

Revenue
in € million

41 %

Share of revenue

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. Truck transports in the local area and in European long-distance traffic as well as transhipments in the Port of Hamburg round off the service portfolio.

To the Intermodal segment

Logistics

19.2

Revenue
in € million

5 %

Share of revenue

19.2

Revenue
in € million

5 %

Share of revenue

In this segment, HHLA pools a wide range of port-related services such as dry bulk, vehicle and fruit logistics. Process automation, air-based logistics services and other digital services for the intermodal sector complement the range of services. HHLA also markets its expertise in infrastructure and project development internationally.

To the Logistics segment

Real Estate

11.4

Revenue
in € million

3 %

Share of revenue

11.4

Revenue
in € million

3 %

Share of revenue

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.

To the Real Estate segment