HHLA shareholders are part of a good results in 2022

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The annual general meeting that was held online of Hamburger Hafen und Logistik AG (HHLA) was able to approve all of the suggested resolutions with a majority today. Shareholders had the option of following the live stream via the shareholder portal as well as have the right to ask questions and speak by video conference.

In her remarks in her speech, Chief Executive Officer of HHLA Angela Titzrath reflected on the 2022 year-end financial year that was characterized in particular with the Russian invasion of Ukraine and the disruption of the supply chain in the world. Even with these issues, HHLA recorded a 7.7 percent rise in Group revenues up to EUR 1,578.4 million. The company ended the year on an operating surplus (EBIT) in the amount of EUR 220.4 millions.

Angela Titzrath, CEO: “Despite these difficult conditions, HHLA reliably fulfilled its obligation to provide security for supply in Germany as well as Europe throughout the 2022 fiscal year. Through its terminals, its railway subsidiary Metrans along with its operations, HHLA has a European network which puts it in a an extremely strong and resilient position that allows it to effectively navigate the turbulent waters of geopolitical tensions, and declining economic growth. HHLA will face the changes and the changing reality our industry faces through a focus on efficiency, growth and sustainability.”

The Annual General Meeting passed the plan of members of the Executive Board and Supervisory Board to give cash dividends in the amount of EUR 0.75 per publicly traded class A stock (previous calendar year’s: EUR 0.75). The total amount in the amount of EUR 54.4 million would be paid out to holders in Port Logistics. Port Logistics subgroup. It is a payout ratio of 66 percent. This puts it on the high end of the range that is intended to be 50-70 percent of net profits of the year, after taking into account minority interest. The AGM voted to pay EUR 2.20 for each class S share to the non-listed Real Estate subgroup. Class S shares are owned in Hamburg’s Free and Hanseatic City of Hamburg. HHLA has therefore distributed an aggregate in the amount of EUR 60.3 million shareholders of both subgroups during the financial year.

The complete voting outcomes of the Annual General Meeting, the speech of the CEO, Angela Titzrath, and the supporting presentation are all available at HHLA’s site within section titled Investor Relations section.

Annual General Meeting.

To find out more, visit hhla.de

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