According to preliminary unaudited figures, Hamburger Hafen und Logistik AG (HHLA) increased its group revenue by 12.7 percent to € 1.465 billion in the 2021 financial year (previous year: € 1.300 billion), according to the company's release.
The group operating result (ebit) increased by 84.7 percent year-on-year to € 228 million (previous year: € 124 million). Compared with the previous year, container throughput increased by 2.5 percent to 6,943 thousand TEU. Transport volumes increased by 10.0 percent to 1,690 thousand TEU.
The listed PORT LOGISTICS subgroup generated revenue in the amount of € 1.436 billion (previous year: € 1.269 billion) and an operating result (EBIT) of € 213 million (previous year: € 110 million). The operating result from the previous year was influenced by additions to provisions amounting to € 43 million. Without these provisions, the operating result would have been € 153 million. The Port Logistics subgroup exceeded the revenue forecast for the year published in October with approximately € 1,410 million and an operating result in the region of € 190 million.
Significantly higher storage charges during the year as a result of the ongoing disruptions to global supply chains and major ship delays, which led to longer container dwell times and additional container handling at HHLA’s terminals in Hamburg, had a positive effect on the development of our revenue and earnings in the financial year. In addition, a higher subsidy for route prices of approximately € 11 million granted retroactively made a positive contribution to the Port Logistics subgroup’s earnings.
With revenue remaining constant in the amount of € 38 million (previous year: € 38 million), the REAL ESTATE subgroup recorded an increase in operating result (EBIT) compared with the previous year of 18.0 percent to € 15 million (previous year: € 13 million). HHLA will publish complete figures for the 2021 financial year and a business forecast for the ongoing 2022 financial year at 7.30 a.m. on Thursday, 24 March 2022.
ABOUT HHLA
Hamburger Hafen und Logistik AG (HHLA) is one of Europe’s leading logistic companies. With a tight network of seaport terminals in Hamburg, Odessa, Tallinn and Trieste, excellent hinterland connections and well-connected intermodal hubs in Central and Eastern Europe, HHLA represents a logistics and digital hub along the transport flows of the future. Its business model is based on innovative technologies and is committed to sustainability.