Hamburger Hafen und Logistik AG (HHLA) recorded significant growth in the first quarter of 2025, despite the ongoing economic downturn in Germany, a tense geopolitical situation and uncertainty in global trade. The holding’s total revenue increased by 19.8% to €435.6 million, while operating profit (EBIT) increased by 86.6% to €32.5 million. Net profit after tax amounted to €7.9 million, compared to a loss of €1.1 million a year earlier. HHLA CEO Angela Titzrath noted that the rail container segment, a key area of the strategy to strengthen the European logistics network, showed particularly strong results.
The Port Logistics segment increased revenue by 20.1% to €426.3 million, while operating profit more than doubled to €28.8 million. Container throughput at the Hamburg terminals increased by 5.1%, with feeder traffic and volumes on routes to China, Belgium, France and Portugal growing. The resumption of operations at the container terminal in Odessa also made a significant contribution. The intermodal segment demonstrated a 28.7% increase in volumes, especially on rail routes between North German and Adriatic ports, as well as in the German-speaking region.
HHLA Real Estate also showed steady growth: rental income in the quarter amounted to €11.6 million (+2.1%), with almost full occupancy at its Hamburg properties. Despite the challenges, the company maintains its 2025 forecast, confirmed in the annual report.