Interim Statement January – March 2023

Interim Statement January – March 2023

Discover the report
Market environment
Major achievements
Results
  • Ongoing geopolitical tensions, economic sanctions against Russia and economic slowdown led to strong decline in container trade volumes
  • Congestions released and container dwell times in the ports reached a more normalized level
  • Efficiency programme: automation of block storage & development of AGV area continued
  • German government finally approves CSPL’s minority stake in CTT
  • CTO (Ukraine) still operational: hinterland transportation running as well as some top-up loading activities for grain vessels
  • Metrans expands rail network to South-Eastern Europe
  • Container throughput down strongly; container transport decreased moderately
  • Revenue and EBIT impacted by drop in volumes and decline in storage fees
  • ROCE in the Port Logistics subgroup of 3.5 % well below medium- and long-term target of 8.5 %

Foreword

Angela Titzrath

Chief Executive Officer

Future logistics must be sustainable. We have been addressing this challenge for many years now and will continue to invest in sustainable logistics.
Foreword

Key figures January – March

Group
Port Logistics
Real Estate

1,416

- 18.6 %

Container throughput
in thousand TEU

408

- 5.4 %

Container transport
in thousand TEU

364.7

- 5.6 %

Revenue
in € million

22.9

- 57.3 %

EBIT
in € million

6.3

- 7.6 pp

EBIT margin
in %

2.8

- 87.7 %

Profit after tax and
minority interests
in € million

To the Income statement

355.1

- 5.9 %

Revenue
in € million

18.5

- 62.5 %

EBIT
in € million

5.2

- 7.8 pp

EBIT margin
in %

0.00

- 98.2 %

Earnings per share
in €

To the Income statement

11.6

+ 8.7 %

Revenue
in € million

4.3

- 1.7 %

EBIT
in € million

37.4

- 4.0 pp

EBIT margin
in %

0.90

- 3.2 %

Earnings per share
in €

To the Income statement

HHLA Segments

Container

175.8

Revenue
in € million

48 %

Share of revenue

175.8

Revenue
in € million

48 %

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

157.3

Revenue
in € million

43 %

Share of revenue

157.3

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

21.1

Revenue
in € million

6 %

Share of revenue

21.1

Revenue
in € million

6 %

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

11.6

Revenue
in € million

3 %

Share of revenue

11.6

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