Added value and innovation
As the largest port in Germany by far, the Port of Hamburg directly and indirectly employs over 165,000 people in the greater Hamburg metropolitan region. It is one of the most important economic factors of northern Germany and, as a hub of international trade, plays an extremely important role for Germany’s entire economic system. HHLA wants to make a lasting contribution to the prosperity of those societies where its facilities are located.
Added value
Net added value decreased during the 2020 financial year as a result of the pandemic and fell 8.3 % year-on-year to € 656.0 million (previous year: € 715.6 million). At 49.0 %, the added value ratio was slightly down year-on-year (previous year: 50.7 %).
in € million |
|
2020 |
|
2019 |
|
Change |
|---|---|---|---|---|---|---|
Employees |
|
551.6 |
|
523.3 |
|
5.4 % |
Shareholders |
|
74.1 |
|
137.1 |
|
- 45.9 % |
Public authorities |
|
25.0 |
|
49.1 |
|
- 49.1 % |
Lenders |
|
5.3 |
|
6.3 |
|
- 15.2 % |
Total |
|
656.0 |
|
715.6 |
|
- 8.3 % |
Net added value serves as an indicator of the economic value creation of a business activity. It is calculated by taking the production value and deducting all intermediate inputs, depreciation and amortisation. Added value is shared between employees, shareholders, the state (taxes) and lenders. The largest proportion, 84.1 % or € 551.6 million, went to employees.
Source of added value
Production value 2020: € 1,340 million
Application of added value
Net added value 2020: € 656 million
Innovation
HHLA has considered itself a start-up since it was founded in 1885. Without innovation and the drive to continually engage with new trends and technologies, HHLA’s path would not have been successful. Today, the company is primarily concerned with the opportunities for modern logistics offered by automation and digitalisation. Research and development
Production value – intermediate inputs (cost of materials, depreciation and amortisation, and other operating expenses); the value added generated is shared between the HHLA Group’s stakeholders, such as employees, shareholders, lenders and the local community.