04.03.2022 Hamburger Hafen und Logistik AG  DE000A0S8488

DGAP-News: Hamburger Hafen und Logistik AG comments on the current and possible effects of the Russian war of aggression in Ukraine on its business activities


DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Statement
Hamburger Hafen und Logistik AG comments on the current and possible effects of the Russian war of aggression in Ukraine on its business activities

04.03.2022 / 20:00
The issuer is solely responsible for the content of this announcement.

Hamburg, 4 March 2022

Hamburger Hafen und Logistik AG

HHLA comments on the current and possible effects of the Russian war of aggression in Ukraine on its business activities

In view of the ongoing actions of war in Ukraine, Hamburger Hafen und Logistik AG (HHLA) comments on the current and potential impact on its affected business activities.

Angela Titzrath, Chairwoman of HHLA's Executive Board, clarifies: "The temporary closure of the terminal in the Port of Odessa has not impaired HHLA's successful business activities significantly. According to current estimates, the sanctions imposed by the EU will also also have only a minor impact on the company's economic development. HHLA is on a solid financial basis. Even under the challenging conditions of the Corona pandemic, HHLA achieved positive business results. We are also operationally stable enough to meet our customers' requirements both at our terminals in Hamburg, Tallinn and Trieste and by rail. Logistics always means managing volatility. We rise to this challenge. This is because we are aware of our responsibility as a service provider for the industrial nation of Germany. Companies and consumers can rely on us to continue to supply them reliably with goods and commodities."

HHLA has been active in Ukraine since 2001. In the port city of Odessa, it operates the largest container terminal, which is of central importance for supplying Ukraine.

On the instructions of the Ukrainian authorities, the terminal was closed with the start of the Russian invasion of Ukraine on 24 February 2022. The approx. 480 employees on site were sent home. Their safety is HHLA's top priority. Whether and when Container Terminal Odessa (CTO) will be able to resume operations cannot be predicted at present due to the ongoing hostilities.

The CTO share of container throughput, revenue and earnings of the Port Logistics subgroup was in the low to mid single-digit percentage range in the 2020 financial year. A significant part of the investments made to date, amounting to € 170 million, had already been amortised by the end of the 2020 financial year.

HHLA has also secured the CTO against political risks by taking out federal guarantees for direct investments abroad. These cover a significant portion of the CTO's current assets in the event of war or expropriation and in the event of a breach of legally binding commitments by government or government-controlled entities.

In the 2020 financial year, the CTO's balance sheet equity amounted to € 44 million. A significant portion of this would be covered in the event of a possible call on the federal guarantees. According to the current risk assessment, HHLA assumes that no significant financial burdens will arise for the company.

In addition, measures to implement the sanctions imposed by the European Union (EU) against Russia also took effect at HHLA's container terminals in Hamburg on 1 March 2022. Since 1 March 2022, no containers coming from or destined for Russia will be handled here. This also applies to cargo transported by rail, barge or truck. HHLA is thus following the example of terminal operators in other European ports and responding to the consequences of implementing the sanctions decided at European level in global supply chains. The situation remains dynamic and will be adjusted accordingly as the market situation changes.

In 2020, HHLA handled a total of 229 thousand TEU of containers at the Hamburg container terminals (approx. 3 percent of HHLA's total container throughput) with Russia as shipping region. A significant decline already occurred in 2014 as a result of the sanctions imposed on Russia in response to the annexation of Crimea.

Further information on the situation and possible financial impact on HHLA will be provided with the publication of the Consolidated Financial Statements on 24 March 2022.


High-resolution images are available for download on the HHLA website under 'Media':
click here for download.

Julia Hartmann
Head of Investor Relations

Bei St. Annen 1, D-20457 Hamburg, www.hhla.de

Tel: +49-40-3088-3397
Fax: +49-40-3088-55-3397
E-mail: [email protected]

04.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Phone: +49 (0)40-3088-0
Fax: +49 (0)40-3088-3355
E-mail: [email protected]
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1295319

End of News DGAP News Service

1295319  04.03.2022 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 1.145,96 1.220,26 1.258,52 1.349,96 1.269,34 1.435,75 0,00
EBITDA1,2 256,33 274,49 297,77 358,73 269,43 384,66 0,00
EBITDA-Marge3 22,37 22,49 23,66 26,57 21,23 26,79 0,00
EBIT1,4 147,64 156,58 188,42 204,43 110,30 212,57 0,00
EBIT-Marge5 12,88 12,83 14,97 15,14 8,69 14,81 0,00
Jahresüberschuss1 95,75 95,99 129,10 127,41 66,84 123,67 0,00
Netto-Marge6 8,36 7,87 10,26 9,44 5,27 8,61 0,00
Cashflow1,7 218,70 258,90 214,78 302,99 271,42 299,01 0,00
Ergebnis je Aktie8 0,91 1,02 1,47 1,34 0,50 1,43 1,06
Dividende8 0,59 0,67 0,80 0,70 0,45 0,75 0,45
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0S848 11,860 Halten 892,10
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,33 20,14 0,65 11,86
1,59 2,98 6,12 6,00
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
0,45 0,45 3,79 15.06.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
15.05.2023 15.08.2023 14.11.2022 23.03.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,19% -14,59% -42,32% -40,37%
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Logistik/Verkehr , A0S848 , HHFA , XETR:HHFA