HHLA's 2023 Financial Year Hit by Global Economic Downturn: Hamburg Port & Logistics

• Hamburger Hafen und Logistik AG (HHLA) recorded a drop in its Group revenue of 8.3 percent to € 1,447 million in the 2023 financial year.
• The Group operating result (EBIT) came to € 109 million, falling below the expected range of € 115 million to € 135 million.
• Group profit after tax and minority interests amounted € 20 million. Group container throughput decreased by 7.5 percent to 5,917 thousand TEU.
• In the publicly listed Port Logistics subgroup, revenue decreased by 8.6 percent to € 1,409 million. The operating result (EBIT) decreased by 53,9 percent year-on-year to € 93 million.
• The Real Estate subgroup recorded a 5.3 percent increase in revenue in the 2023 financial year, bringing it to € 46 million. The operating result (EBIT) fell year-on-year by 12.5 percent to € 16 million.
• At the Annual General Meeting on 13 June 2024, the Executive Board and Supervisory Board will propose a dividend of € 0.08 per dividend-entitled class A share.

The next important date, Publication Annual Financial Report, at Hamburger Hafen und Logistik is on 21.03.2024.

Hamburger Hafen und Logistik

-0,24 %

+0,12 %

+0,24 %

+0,48 %

+29,48 %

-23,64 %

-20,09 %

-0,77 %

-69,77 %

ISIN:DE000A0S8488WKN:A0S848

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