HHLA closes 2024 financial year with positive growth in revenue and earnings

According to preliminary unaudited figures, Hamburger Hafen und Logistik AG (HHLA) recorded an increase in Group revenue of 10.5 percent to € 1,598 million in the 2024 financial year (previous year: € 1,447 million). The Group operating result (EBIT) increased by 22.7 percent to € 134 million, thus falling within the expected range of € 125 million to € 145 million (previous year: € 109 million). Consolidated net income after minority interests came to € 33 million (previous year: € 20 million). Group container handling at the seaport terminals increased by 0.9 percent to 5,970 thousand TEU (previous year: 5,917 thousand TEU). Container throughput at the Hamburg container terminals was largely unchanged from the previous year at 5,686 thousand TEU (previous year: 5,687 thousand TEU). Transport volume in the Intermodal segment increased by 11.6 percent to 1,787 thousand TEU (previous year: 1,602 thousand TEU).

Angela Titzrath, Chief Executive Officer of HHLA: “Despite ongoing geopolitical instability, recession in Germany and supply chain disruptions, we consistently pushed ahead with the strategic development of HHLA in 2024. The targeted expansion of our European network in particular had a positive effect on our revenue and earnings.”

In the publicly listed Port Logistics subgroup, revenue increased by 10.8 percent to € 1,562 million (previous year: € 1,409 million). The operating result (EBIT) increased by 26.8 percent year-on-year to € 118 million (previous year: € 93 million), placing it within the most recent forecast, which had assumed earnings within a range between € 110 million and € 130 million. Profit after tax and minority interests came to € 23 million (previous year: € 9 million). In addition to the strong rise in transport volume in the Intermodal segment, the year-on-year increase in storage charges due to longer dwell times for containers handled by the Hamburg terminals also had a positive effect on revenue and earnings.

In the 2024 financial year, the figures for the Real Estate subgroup remained largely unchanged year-on-year, both for revenue and operating result. Revenue came to € 46 million (previous year: € 46 million) and the operating result (EBIT) came to € 16 million (previous year: € 16 million). Profit after tax and minority interests came to € 10 million (previous year: € 11 million).

The Annual Report with audited figures for the 2024 financial year will be published at 7.30 a.m. on Wednesday, 26 March 2025.