HHLA 2022 throughput drops by almost 8 per cent

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Hamburger Hafen und Logistik AG (HHLA) has released full-year results for 2022, announcing a revenue increase by 7.7 per cent from 2021 to almost €1.58 billion ($1.7 billion).

The Group operating result (EBIT) decreased by 3.4 per cent to €220.4 million ($240 million) from its 2021 figure of €228.2 million ($248 million).

Profit after tax and minority interests were €92.7 million ($100.8 million), reflecting a 17.5 per cent decrease from its previous year at €112 million ($122 million).

During the 2022 reporting year, group-wide container throughput decreased by 7.9 per cent to 6.4 million from 6.9 million TEU in 2021.

The total throughput of the three Hamburg container terminals was down 4.1 per cent at 6.1 million TEU from 6.3 million TEU 2021.

HHLA reported that this reduction was primarily due to the decrease in cargo volumes to the Far East shipping region, as well as the decline in volumes because of the sanctions imposed against Russia after the war began.

READ: German Food Bridge, HHLA and Unilever ship food to Odessa

The international container terminals reported a sharp decline in throughput volume of 47.1 per cent to 326,000 TEU from 615,000 TEU in 2021.

This was due to the strong decline in cargo volumes at the Odessa terminal after seaborne handling was suspended by the authorities at the end of February 2022 following the Russian invasion.

By contrast, container transport volumes increased slightly to 1.6 billion TEU.

Rail transport rose by 2.2 per cent year-on-year to 1.41 million TEU from 1.38 million TEU in 2021.

Road transport saw a decrease in volume of 8.7 per cent to 285,000 TEU from 312,000 TEU in 2021.

In January, HHLA announced that its innovation unit, HHLA Next, is investing in automated logistics start-up FERNRIDE.

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