The German logistics group Hamburger Hafen and Logistik AG (HHLA) has reported a surge of almost 164% year-on-year in profit after tax and minority interests for 2021, reaching US$123.4 million.
In addition, the group’s revenue was US$1.6 million in 2021, representing a rise of almost 13% compared to the previous year, with earnings per share amounting to US$1.65.
During the same period, HHLA’s operating result (EBIT) exceeded US$250 million, which translates to an increase of 84.7% over 2020, while earnings before interest, taxes, depreciation, and amortisation (EBITDA) grew by 40% to US$445 million.
Angela Titzrath, chairwoman of HHLA’s executive board commented, “These results will strengthen us as we continue to implement our strategy, which is geared towards growth and sustainability.”
Meanwhile, the German group recorded a container throughput increase of 2.5% compared with the previous year, handling more than 6.9 million TEU, with its intermodal volumes growing by 10% to approximately 1.7 million TEU.
HHLA noted that the existing uncertainty on the global markets has been amplified by the escalation in the Russia-Ukraine conflict and explained that the HHLA container terminal in Odessa, which has been directly affected by the war, has halted its operations.
“Future developments cannot be foreseen, as they depend on the overall situation in the region,” said the company, which added that its 2022 business forecast is, therefore, based on the trends in volume and revenue expected in the context of the currently foreseeable macroeconomic environment.
