HHLA predicts revenues of $1.6 billion in 2021

Hamburger Hafen und Logistik AG (HHLA) has published its preliminary financial results for 2021, boasting revenues of €1.465 billion ($1.666 billion).

This shows a 12.7 per cent increase on the company’s figures for 2020 which saw revenues reach €1.300 billion ($1.478 billion).

EBIT also increased to €228 million ($259 million) in 2021, an 84.7 per cent increase compared to €124 million ($141 million) in 2020.

The company also saw success in container movement as throughput increased by 2.5 per cent to 6,943 TEU. This comes after levels were adversely affected by the COVID-19 pandemic in 2020.

“HHLA closed its second year in a row under the challenging conditions of the COVID-19 pandemic with a positive operating result,” said Angela Titzrath, Chairwoman of HHLA’s Executive Board.

“Once again, HHLA proved to be a stable and efficient hub along the global supply chain that can always ensure the reliable supply of companies and customers in Germany and Europe.

“In a market environment in a constant state of flux, we remained determined to implement the strategy geared towards growth and sustainability.

“As a leading European logistics company, we want to assert ourselves in the market and create new jobs.”

HHLA’s Port Logistics subgroup generated revenue in the amount of €1.436 billion ($1.634 billion) in 2021, up from €1.269 billion ($1.444 billion) the previous year.

The firm’s Real Estate subgroup contributed the remaining €38 million ($43 million) to its overall annual revenue.

The finalised 2021 financial figures will be released on 24 March 2022.

Some of HHLA’s operational highlights for the year include its partnership with tech company Arial Robotics to develop innovative drone solutions.

Under this partnership, both parties agreed to integrate technologies based on innovative European engineering and professional aviation standards and procedures.

Back in September 2021, it also opened a new terminal gateway at its multi-function terminal at the Piattaforma Logistica Trieste (PLT) at the Italian Port of Trieste.

The gate was equipped with self-service checkpoints and multilingual interfaces.

Lastly, the German government also announced that HHLA was to participate in nationwide series of hydrogen projects.

Through this, the group was able to draw on an additional €2.3 million ($2.6 million) to test new transportation technologies for green hydrogen, under the TransHyDE project.

https://www.porttechnology.org/news/hhla-predicts-revenues-of-1-6-billion-in-2021/