HHLA shareholders participate in good result for 2022

Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) approved all proposed resolutions today with large majorities. Shareholders were able to follow the livestream of the event on the shareholder portal and to exercise their right to speak and ask questions via video communication.

In her speech, HHLA’s Chief Executive Officer Angela Titzrath reflected on the 2022 financial year, which was marked in particular by the Russian invasion of Ukraine and disruption to the global supply chain. In spite of these challenges, HHLA recorded a 7.7 percent increase in Group revenue to € 1,578.4 million, closing the financial year with a positive operating result (EBIT) of € 220.4 million.

Angela Titzrath, CEO: “Despite these challenging times, HHLA reliably fulfilled its mandate to ensure security of supply within Germany and Europe during the 2022 financial year. With its terminals, its rail subsidiary Metrans and its other business activities, HHLA has a European network that puts it in a strong, resilient position which allows the company to successfully master these turbulent times of geopolitical tensions and weakening economic growth. HHLA is confronting the change and the new reality that we face by focusing on efficiency, sustainability and network expansion.”

The Annual General Meeting approved the proposal made by the Executive Board and Supervisory Board to pay out a cash dividend of € 0.75 per publicly listed class A share (previous year: € 0.75). A total of € 54.4 million will thus be distributed to the shareholders of the Port Logistics subgroup. This equals a payout ratio of 66 percent, putting it at the upper end of the target range of 50 to 70 percent of the net profit for the year after minority interests. The Annual General Meeting resolved to distribute € 2.20 per class S share for the unlisted Real Estate subgroup. All class S shares are held by the Free and Hanseatic City of Hamburg. HHLA is therefore distributing a combined total of € 60.3 million to the shareholders of the two subgroups for the 2022 financial year.

The detailed voting results of the Annual General Meeting, the speech by the CEO, Angela Titzrath, and the accompanying presentation are available on HHLA’s website in the Investor Relations section under“Annual General Meeting”.