Intermodal segment
in € million |
|
|
|
Change |
||
|---|---|---|---|---|---|---|
Revenue |
|
151.8 |
|
157.3 |
|
- 3.5 % |
EBITDA |
|
26.6 |
|
33.9 |
|
- 21.7 % |
EBITDA margin in % |
|
17.5 |
|
21.6 |
|
- 4.1 pp |
EBIT |
|
14.1 |
|
21.4 |
|
- 34.3 % |
EBIT margin in % |
|
9.3 |
|
13.6 |
|
- 4.3 pp |
Container transport |
|
386 |
|
408 |
|
- 5.5 % |
In the highly competitive market for container traffic in the hinterland of major seaports, HHLA’s transport companies recorded significantly lower volumes in the first quarter of 2024. Container transport decreased in total by 5.5 % to 386 thousand standard containers (TEU) (previous year: 408 thousand TEU).
Rail transport fell year-on-year by 3.2 % to 329 thousand TEU (previous year: 340 thousand TEU). In particular, traffic with the Adriatic seaports and Polish traffic were affected by this decrease. There was a strong decline in road transport of 16.8 % to 56 thousand TEU (previous year: 68 thousand TEU).
With a year-on-year decrease of 3.5 % to € 151.8 million (previous year: € 157.3 million), the fall in revenue was proportionately lower than that of transport volumes. Among other things, this was due to the increased level of transport revenue, which had been adapted to increased costs for the purchase of services. There was also a further increase in rail's share of total transport volume to 85.4 % (previous year: 83.4 %).
The operating result (EBIT) amounted to € 14.1 million in the reporting period (previous year: € 21.4 million), representing a decrease of 34.3 %. The EBIT margin fell by 4.3 percentage points to 9.3 % (previous year: 13.6 %). The main reason for the downward EBIT trend was the decrease in transport volumes. In addition to increased union wage rates, the expansion of operations in rail transport also had an adverse effect.