Interim Statement January – September 2023

Interim Statement January – September 2023

Discover the report
Market environment
Major events & achievements
Results
  • Continuing war in Ukraine, geopolitical tensions, sticky inflation and rising interest rates still dampening purchasing patterns of consumers and industry and led to reduced trade volumes
  • Container dwell times in the ports normalised
  • MSC Group announces submission of voluntary public takeover offer for HHLA A class shares
  • Metrans expands its HHLA Pure network in Europe and can thus offer customers additional routes certified as climate neutral
  • Successful ship integration test for shore-side power plant at CTT
  • Container throughput down significantly; container transport decreased moderately
  • Revenue and EBIT impacted by drop in volumes and decline in storage fees
  • Asset additions in line with planning to support successful implementation of efficiency programme

Foreword

Angela Titzrath

Chief Executive Officer

With its dense network of seaport terminals, hinterland connections and intermodal hubs, HHLA has evolved into a leading transport and logistics player in Europe.
Foreword

Key figures January – September

Group
Port Logistics
Real Estate

4,455

- 8.5 %

Container throughput
in TEU thousand

1,222

- 3.4 %

Container transport
in TEU thousand

1,090.0

- 7.1 %

Revenue
in € million

75.6

- 52.8 %

EBIT
in € million

6.9

- 6.8 pp

EBIT margin
in %

11.9

- 83.0 %

Profit after tax and
minority interests
in € million

To the Income statement

1,061.3

- 7.4 %

Revenue
in € million

61.8

- 57.4 %

EBIT
in € million

5.8

- 6.9 pp

EBIT margin
in %

0.04

- 94.9 %

Earnings per share
in €

To the Income statement

35.0

+ 6.3 %

Revenue
in € million

13.5

- 7.3 %

EBIT
in € million

38.6

- 5.7 pp

EBIT margin
in %

3.25

+ 2.8 %

Earnings per share
in €

To the Income statement

HHLA segments

Container

534.3

Revenue
in € million

49 %

Share of revenue

534.3

Revenue
in € million

49 %

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

465.8

Revenue
in € million

43 %

Share of revenue

465.8

Revenue
in € million

43 %

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

59.0

Revenue
in € million

5 %

Share of revenue

59.0

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

35.0

Revenue
in € million

3 %

Share of revenue

35.0

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