The Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) approved all items on the agenda, including a dividend distribution of €0.10 ($0.11) per class A share.
During her address at the Annual General Meeting, HHLA CEO Angela Titzrath reflected on the company’s 2024 performance, highlighting a year of strategic progress and financial growth despite ongoing global challenges.
HHLA maintained its role in the European logistics network while operating amid economic pressures from Germany’s weak economy, the conflict in the Middle East, and the ongoing war in Ukraine.
Group revenue rose by 10.5 per cent to €1.59 billion ($1.87 billion), and operating profit (EBIT) increased by 22.7 per cent to €134.3 million ($157.4 million).
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Titzrath emphasized that HHLA remained resilient in a volatile market environment and continued to implement its long-term strategy.
Key developments included the expansion of its European network, further automation at its Hamburg container terminals, and technological upgrades aimed at future-proofing operations.
The meeting also approved a dividend payout of €0.10 ($0.11) per listed class A share, totaling €7.3 million ($8.5 million) for the Port Logistics subgroup.
For the unlisted Real Estate subgroup, held entirely by the Free and Hanseatic City of Hamburg, €1.50 ($1.76) per class S share will be paid, bringing total dividends for the 2024 financial year to €11.3 million ($13.2 million).
Last month, HHLA announced it would acquire a 60 per cent stake in Eurobridge Intermodal Terminal LLC in Batiovo, western Ukraine.
