BRIEF

on Hamburger Hafen Und Logistik AG (isin : DE000A0S8488)

HHLA's Annual General Meeting Approves All Proposed Resolutions

The Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) has approved all proposed resolutions. Key decisions include the approval of a dividend distribution of € 0.08 per class A share and the ratification of the actions of the Executive Board and Supervisory Board for the 2023 financial year.

In her address, CEO Angela Titzrath reflected on a challenging 2023 marked by geopolitical tensions, high inflation, and sluggish economic recovery. Despite these hurdles, HHLA reported a revenue of € 1,446.8 million and a Group operating result (EBIT) of € 109.4 million.

Titzrath emphasized the company's adaptation to the "new normal" and reiterated HHLA's commitment to becoming more connected, digital, and sustainable. Investments in terminals, the European network, and innovative logistics solutions remain key strategic goals.

A total of € 5.8 million will be distributed among shareholders of the Port Logistics subgroup, corresponding to a 67 percent payout ratio. Additionally, a € 2.20 per class S share dividend, totaling € 6 million, will be distributed to the Real Estate subgroup owned by the City of Hamburg.

Detailed voting results and CEO Angela Titzrath's speech are available on HHLA’s website.

R. H.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all Hamburger Hafen Und Logistik AG news