The following release was published by HHLA:
According to preliminary, unaudited figures, Hamburger Hafen und Logistik AG (HHLA) increased its consolidated sales by 7.7 percent to EUR 1,578 million in the 2022 financial year (previous year: EUR 1,465 million). The consolidated operating result (EBIT) amounted to EUR 220 million and thus exceeded the expectations of EUR 175 million to EUR 210 million (previous year: EUR 228 million). Container handling declined: Group-wide container handling fell by 7.9 percent to 6,396,000 TEU (previous year: 6,943,000 TEU). At the Hamburg container terminals, the decline compared to the previous year was 4.1 percent. The total transport volume remained almost constant at 1,694,000 TEU (previous year: 1,690,000 TEU) despite disruptions in operational access to the German seaport terminals.
Angela Titzrath, HHLA CEO: “Stability and security are important prerequisites for reliable logistics services. Both were only given to a limited extent in the past year. The 2022 financial year was marked by the Russian war of aggression in Ukraine, its effects and the disruption to global supply chains. In these challenging times, HHLA once again demonstrated its efficiency and resilience and generated a good result. We continue to expect a volatile environment and are already implementing measures to position ourselves efficiently and for the future.”
In the listed port logistics subgroupsales increased by 7.4 percent to EUR 1,542 million (previous year: EUR 1,436 million). Operating profit (EBIT) fell by 5.2 percent year-on-year to EUR 202 million (previous year: EUR 213 million), but was well above the expectation of EUR 160 to 195 million. The significantly higher income from storage fees during the year as a result of the ongoing disruptions in the global supply chains, which led to longer dwell times for containers at the Hamburg and HHLA terminals in Tallinn and Trieste, had a positive effect on the development of revenue and earnings in the financial year. The lower handling volumes had a negative impact on earnings, partly due to the effects of the Russian war of aggression on the terminal in Odessa.
The Real Estate subgroup recorded an increase in sales of 15.9 percent to EUR 44 million in the 2022 financial year (previous year: EUR 38 million). The operating result (EBIT) increased by 20.9 percent year-on-year to EUR 18 million (previous year: EUR 15 million).
For the 2022 financial year, HHLA will continue to adhere to its earnings-oriented distribution policy, which envisages a payout of between 50 and 70 percent of the net profit for the year after third-party shares.
Source: HHLA