Angela Titzrath, HHLA's CEO, said: "Despite geopolitical tensions and economic uncertainty, HHLA performed very well in the first half of 2025. The Intermodal segment recorded particularly strong revenue growth thanks to an increase in road and rail transport.
Rail transport results
Rail transport rose by 20.2 percent year-on-year to 863 thousand TEU (previous year: 719 thousand TEU). This strong volume growth was largely due to traffic with the North German and Adriatic seaports, as well as with the German-speaking countries. Road transport also saw a significant increase of 16.0 percent, rising to 133 thousand TEU (previous year: 115 thousand TEU).
Revenue growth was stronger than the increase in transport volumes, with a year-on-year increase of 22.2 percent to €400.5 million (previous year: €327.7 million). This was due to price adjustments and rail's higher share of total transport volumes.
The operating result (EBIT) was €48.2 million in the reporting period, which is 23.1% above the figure for the same period last year (€39.2 million). The EBIT margin increased by 0.1 percentage points to 12.0 percent (previous year: 11.9 percent). The main reason for this strong EBIT growth was the increase in transport volumes. However, operational difficulties due to construction work on major transport routes, among other factors, had a negative impact on the result.
Outlook for the 2025 financial year confirmed
In consideration of the course of business during the initial six months of 2025, HHLA's Executive Board has delineated a more precise range for its forecast of EBIT in the present financial year: at Group level, EBIT is now anticipated to fluctuate within a range of € 195 million to € 215 million (previously: € 195 million to € 235 million). EBIT for the Port Logistics subgroup is now expected to fall within the range of €180 million to €200 million (previously €180 million to €220 million).
