At a glance
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Major achievements
- HHLA kept production running 24/7 despite pandemic-related restrictions
- Automation of block storage at CTB continued
- COSCO Shipping Ports receives minority stake of 35 % in Container Terminal Tollerort
- HHLA became part of H2Global Foundation and successfully completed joint project with MAN “Hamburg TruckPilot”
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Market environment
- Several effects worldwide led to persisting imbalances in trade flows, i.e. accident in Suez Canal, shut downs at key export ports in China due to corona outbreaks, fire at a Japanese semiconductor factory or power supply problems in China
- Ongoing delays in sailing schedules led to high pressure on terminals and hinterland transport systems
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Results
- Slight increase in container throughput despite loss of a Far East service in previous year; container transport grew strongly
- EBIT benefited from temporary increase in storage fees and strong transport volumes
- ROCE exceeds medium- and long-term target of 8.5 %
Letter to the Shareholders
All over the world, ports are having to deal with ever larger ships, pressure on prices, the need for greater efficiency and fierce competition. This is why stable customer relationships are more important than ever.
Angela TitzrathChairwoman of the Executive Board
Key Figures
Group
Revenue in € million
- 9M 2021 1,078.9
- 9M 2020 959.9
Profit after tax and minority interests in € million
- 9M 2021 79.4
- 9M 2020 37.2
EBIT in € million
- 9M 2021 162.1
- 9M 2020 107.1
Operating cash flow in € million
- 9M 2021 255.1
- 9M 2020 203.5
15.0 %
EBIT margin
10.2 %
ROCE
Port Logistics
Revenue in € million
- 9M 2021 1,057.5
- 9M 2020 937.4
Earnings per share in €
- 9M 2021 1.02
- 9M 2020 0.45
EBIT in € million
- 9M 2021 151.3
- 9M 2020 96.6
Operating cash flow in € million
- 9M 2021 242.4
- 9M 2020 187.6
14.3 %
EBIT margin
10.5 %
ROCE
Real Estate
Revenue in € million
- 9M 2021 27.6
- 9M 2020 28.2
Earnings per share in €
- 9M 2021 2.34
- 9M 2020 2.19
EBIT in € million
- 9M 2021 10.5
- 9M 2020 10.3
38.0 %
EBIT margin
HHLA Segments
Container
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.
Container throughput
in TEU thousand
- 9M 2021 5,165
- 9M 2020 5,086
Revenue
in € million
- 9M 2021 620.0
- 9M 2020 548.4
57 %
Share of revenue
Intermodal
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. Transshipments by truck within the Port of Hamburg round off the service portfolio.
Container transport
in TEU thousand
- 9M 2021 1,254
- 9M 2020 1,129
Revenue
in € million
- 9M 2021 383.2
- 9M 2020 348.7
35 %
Share of revenue
Logistics
In this segment, HHLA pools a wide range of port-related services such as dry bulk, vehicle and fruit logistics. New business activities such as additive manufacturing, automation technology or airborne logistics services complement the range of services. Additionally, HHLA markets its expertise in infrastructure and project development internationally.
Revenue in € million
- 9M 2021 51.7
- 9M 2020 37.9
5 %
Share of revenue
Real Estate
Following the sustainable renovation of Hamburg’s landmarked Speicherstadt historical warehouse district to create an exemplary redeveloped quarter, HHLA is committed to intelligent site development and preserving the city’s fishing tradition with the Hamburg-Altona fish market.
Revenue in € million
- 9M 2021 27.6
- 9M 2020 28.2
3 %
Share of revenue