HHLA shareholders approve squeeze-out

The resolution was passed at HHLA’s AGM, with shareholders voting in favour of the majority shareholder’s application to transfer all remaining class A shares. Minority shareholders will receive cash compensation of €21.16 per class A share.

The squeeze-out will become legally effective once the transfer resolution is entered into the commercial register. HHLA said it will publish the registration immediately in the German Federal Gazette and on the company’s website.

“HHLA achieved positive growth in a challenging market environment in the 2025 financial year,” said HHLA chief executive Jeroen Eijsink.

“At the same time, one-off tax effects weighed significantly on the annual result. In view of the upcoming capital expenditure on modernising our facilities, it therefore makes sense to retain the financial resources within the company.

“This forms the foundation for us to make targeted use of growth opportunities, further improve our efficiency and reliability and strengthen the competitiveness of HHLA in the long term.”

Alongside the vote, HHLA’s management updated shareholders on the company’s financial performance during the 2025 fiscal year. Despite ongoing geopolitical uncertainty and a challenging economic environment, the logistics and port operator delivered solid growth.

Group revenue increased by 9.9% year-on-year to €1.76 billion, while earnings before interest and taxes (EBIT) rose by 19.5% to €160.5 million. However, significant one-off tax effects reduced group profit after tax and minority interests to €9.8 million.

As a result, shareholders approved a proposal from the executive board and supervisory board not to distribute a dividend for the 2025 financial year. The decision applies to both listed class A shares and non-listed class S shares.

The company said retaining earnings will support future investment programmes aimed at modernising infrastructure and strengthening long-term competitiveness.