HHLA exceeds expected EBIT for 2022, remains cautious for 2023

Despite exceeding its expected operating profit for 2022, Hamburger Hafen und Logistik AG (HHLA) remains cautious in its outlook for 2023 as global disruptions saw last year’s container volumes drop 8%.

Forecast to be in the range of €175m (US$190m) to €210m (US$220m), HHLA recorded a €220m (US$235m) operating profit in 2022 although container throughput dropped to 6.4m teu.

Angela Titzrath, chairwoman of the executive board at HHLA, said: “Stability and safety are key requirements for the reliable provision of logistics services. These two conditions were only present to a limited extent last year.”