Hamburger Hafen 
und Logistik AG (HHLA) developed successfully in the 2022 financial year despite challenging conditions. Group revenue rose by 7.7 percent to € 1,578.4 million (previous year: € 1,465.4 million).
The Group operating result (EBIT) decreased by 3.4 percent to € 220.4 million (previous year: € 228.2 million). Profit after tax and minority interests were 17.5 percent lower than in the previous year at € 92.7 million (previous year: € 112.3 million). Earnings per share thus amounted to € 1.23 (previous year: € 1.50).
Return on capital employed (ROCE) came to 9.7 percent, 0.9 percentage points lower than the previous year. While container throughput decreased by 7.9 percent to 6,396 thousand standard containers (TEU) (previous year: 6,943 thousand TEU), transport volumes remained virtually constant at 1,694 thousand TEU despite operational disruptions regarding arrivals to German seaport terminals (previous year: 1,690 thousand TEU).
Angela Titzrath, Chief Executive Officer: “With our European logistics network, which includes seaports, the hinterland and rail networks, HHLA reliably fulfils its remit to ensure secure supply within Germany and Europe. We also managed to fulfil this remit during the challenging 2022 financial year, which was dominated by the impacts of the Russian war of aggression against Ukraine and disruptions to the global supply chain. In spite of this, HHLA achieved a good result and proved its efficiency. We are once again facing a year of much uncertainty, but working in logistics means being able to deal with volatility. We are looking ahead to the year with confidence and courage and will continue to push ahead with our investments in sustainable and innovative logistics solutions in order to reinforce the future viability of HHLA.”
Port Logistics subgroup: performance 2022
In the publicly listed Port Logistics subgroup, revenue increased by 7.4 percent to € 1,542.3 million (previous year: € 1,435.8 million). The operating result (EBIT) decreased by 5.2 percent year-on-year to € 201.6 million (previous year: € 212.6 million), which still placed it well above the expected range of € 160 million to € 195 million. Much higher storage charges during the year as a result of the ongoing disruptions to global supply chains, which led to longer container dwell times at HHLA’s terminals in Hamburg, Tallinn and Trieste, had a positive effect on the development of our revenue and earnings in the financial year. 
During the 2022 reporting year, Group-wide container throughput decreased by 7.9 percent to 6,396 thousand TEU (previous year: 6,943 thousand TEU). At 6,071 thousand TEU, throughput volume at the three Hamburg container terminals was down 4.1 percent year-on-year (previous year: 6,328 thousand TEU).
At Group level, total revenue is expected to be on a par with the previous year with an operating result (EBIT) in the range of € 160 to 190 million.
The Annual Report is available here.
For more information: hhla.de