The German terminal operator Hamburger Hafen und Logistik AG (HHLA) has released preliminary data on the main items of the Company Income Statement for the year 2023, a financial year that is closed with revenues of €1.45 billion, down by -8.3% on FY 2022. The decline in turnover is growth during 2023 with a first quarter that recorded a -5.6% reduction in revenues compared to the same period of the previous year, which was followed by decreases in -7.9% in the second quarter, -7.7% in the third quarter and 12.0% in the second quarter. fourth quarter of 2023 when revenues amounted to approximately 357 million euros. HHLA expects to have achieved in the year 2023 annual operating profit of around €115-135 million compared to €220.4 million in the previous year and a profit after the taxes and minority interests of approximately €20 million compared to €92.7 million in 2022.

In 2023, the port terminals of the HHLA Group handled container traffic of 5.9 million TEUs, down by -7.5% on the previous year, while intermodal shipments handled by the company amounted to 1.6 million TEUs (-5,4%).

"In 2023 - commented the CEO of HHLA, Angela Titzrath - the war in Ukraine, tensions high inflation and high interest rates have had an impact on the global economy and over the course of the year have increasingly held back economic development. This has led to has also had an impact on the entire logistics sector and on HHLA's activity, resulting in a result of just below our expectations."