Confirming that in 2023 its revenues decreased by -8.3% as they amounted to €1.45 billion compared to €1.58 billion billion in the previous year ( of 20 February 2024), the German terminal operator group Hamburger Hafen und Logistik AG (HHLA) announced today that it has closed 2023 with Ebitda of €287.8 million (-27.4%), with an operating profit of €109.4 million (-50.4%) and a profit at net of tax of €43.4 million (-68.2%).

The decline in economic results was accentuated in the fourth quarter of 2023 when, with a total of 356.8 million euro, revenues decreased by -12.1% on the corresponding period in 2022. Quarterly EBITDA was €78.5 million (-24.2%), EBIT at €33.8 million (-44.0%) and profit after tax at €13.4 million (-65.8%).

In the meantime, the transfer of control of the share capital of HHLA to the Port of Hamburg joint venture Beteiligungsgesellschaft SE with a 50.1% stake the administration of the city-state of Hamburg and 49.9% by the Swiss shipping group Mediterranean Shipping Company (MSC) ( of 12 December 2023 and 15 February 2024). As at 31 December 2019, at the conclusion of the takeover bid MSC on HHLA, the Swiss shipping group, which is a leader in of the container shipping sector, owned 12.4% of the capital of the terminal operator company of Hamburg and a further 9.7% of shares tendered to the offer, and, on that date, the City of Hamburg and MSC held a total of 92.5% of HHLA's share capital.

Presenting its 2023 results this morning, the group Terminalista highlighted what the effects were MSC's offer to HHLA's shares, which At the beginning of the year, it was worth €11.94. September 13 the announcement of the takeover bid by Mediterranean Shipping Company, based on an offer of €16.75 for each Class A share of HHLA, resulted in an immediate share price increase from 11.54 to 17.20 to reach, on the following day, the annual maximum of €17.62 and thus stabilize around the offer price. The December 29, 2023 The stock closed at €16.76, equal to a growth of +40.8% year-on-year.