At a glance
-
Market environment
- Persisting supply chain disruptions led to congestion at main European North Range ports
- Achievement of a collective bargaining agreements for German ports (24 months)
- German government approves CSPL’s minority stake in CTT subject to conditions
-
Major events and achievements
- High storage utilisation restricted handling capacity at container terminals in Hamburg
- Efficiency programme: automation of block storage and development of AGV area at CTB continued
- Odessa (Ukraine): terminal still operational; hinterland transportation for essential goods running
- HHLA receives Sustainability Impact Award (SIA); pilot delivery of ammonia for future green hydrogen
-
Results
- Container throughput down 5.7 %; container transport grew slightly by 0.9 %
- EBIT benefited from increase in storage fees due to longer dwell times as well as further growth in rail share of total HHLA intermodal transport volumes
- ROCE well above medium- and long-term target of 8.5 %
Letter to the Shareholders
HHLA recorded a good result in the first nine months of 2022. As such, we are confident that we will be able to achieve our targets for the financial year. Given the general macroeconomic environment, this is a notable achievement.
Angela TitzrathChairwoman of the Executive Board
Key Figures
Group
Revenue in € million
- 9M 2022 1,172.7
- 9M 2021 1,078.9
Profit after tax and minority interests in € million
- 9M 2022 69.8
- 9M 2021 79.4
EBIT in € million
- 9M 2022 160.1
- 9M 2021 162.1
Operating cash flow in € million
- 9M 2022 224.2
- 9M 2021 255.1
13.7 %
EBIT margin
9.4 %
ROCE
Port Logistics
Revenue in € million
- 9M 2022 1,145.8
- 9M 2021 1,057.5
Earnings per share in €
- 9M 2022 0.85
- 9M 2021 1.02
EBIT in € million
- 9M 2022 145.3
- 9M 2021 151.3
Operating cash flow in € million
- 9M 2022 208.1
- 9M 2021 242.4
12.7 %
EBIT margin
9.5 %
ROCE
Real Estate
Revenue in € million
- 9M 2022 32.9
- 9M 2021 27.6
Earnings per share in €
- 9M 2022 3.16
- 9M 2021 2.34
EBIT in € million
- 9M 2022 14.6
- 9M 2021 10.5
44.3 %
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 2022 4,869
- 9M 2021 5,165
Revenue
in € million
- 9M 2022 653.2
- 9M 2021 620.0
56 %
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 2022 1,266
- 9M 2021 1,254
Revenue
in € million
- 9M 2022 431.4
- 9M 2021 383.2
37 %
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 2022 56.8
- 9M 2021 51.7
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 2022 32.9
- 9M 2021 27.6
2 %
Share of revenue