Hamburger Hafen und Logistik AG (HHLA) posted a strong performance in the first half of 2025, despite a weak German economy, geopolitical tensions, and uncertainty from US trade policy. Revenue rose 16.3% year-on-year to €884.5 million, while EBIT jumped 34.8% to €79.4 million.
Moreover, container throughput increased 7.9% to 3.17 million TEU. The Hamburg terminals handled 3 million TEU, up 6.9%, driven by strong Far East volumes, particularly from China, and growing feeder traffic within Europe. International terminals saw even sharper growth of 28.7%, supported by the resumption of operations in Odessa and gains at HHLA PLT Italy.
The Intermodal segment delivered standout results. Transport volumes climbed 19.6% to 997,000 TEU, with rail traffic up 20.2% and road volumes up 16%. Revenue for the segment rose 22.2% to €400.5 million, and EBIT increased 23.1% to €48.2 million.
HHLA’s real estate business in Hamburg’s Speicherstadt and fish market areas remained almost fully occupied. Revenue edged up 1.8% to €23.4 million, though EBIT dipped 3.4% to €6.7 million.
CEO Angela Titzrath credited the results to HHLA’s strengthened European network and integrated logistics solutions. “Our performance shows we are well-positioned to navigate a volatile environment and continue our growth,” she said.
The company has narrowed its full-year EBIT forecast to €195–215 million for the Group, and €180–200 million for the Port Logistics subgroup.
