HHLA Reports Strong Fiscal Performance Amid Challenges

Hamburger Hafen und Logistik AG (HHLA) has released its financial figures for 2024, showcasing resilience and growth in a challenging global landscape. Despite economic difficulties and geopolitical tensions, including conflicts in the Middle East and Ukraine, HHLA reported a 10.5% increase in group revenue, reaching €1,598.3 million, while operating results grew by 22.7% to €134.3 million.

HHLA's CEO, Angela Titzrath, stressed the importance of strategic focus, highlighting the expansion of European rail connections and modernization of container terminals in Hamburg. The Port Logistics subgroup saw a 10.8% rise in revenue, driven by increased transport volume and storage charges. Container throughput increased marginally by 0.9% to 5,970 thousand TEU.

International terminals experienced a significant 23.1% increase in handling volume, buoyed by operations at the HHLA TK Estonia terminal and the revival of the Odessa terminal. The Intermodal segment reported a 13.2% growth in rail transport. The Real Estate segment remained steady despite slight revenue decline.

Outlook for 2025 indicates expectations for robust growth across all segments, with group-level revenue projected to rise significantly and EBIT targeted between €195 million and €235 million.