HHLA revenue rose more than 6% to EUR 1.25 billion
Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by more than 6% to € 1.25 billion in the last financial year (previous year: € 1.18 bn) according to preliminary unaudited figures. The Group’s operating result (EBIT) of € 173 million increased by more than 5% (€ 164 million), the Group said in a press release.
The listed Port Logistics subgroup generated revenue of € 1.22 billion (previous year: € 1.15 billion) and an operating result (EBIT) in the amount of € 156 million (previous year: € 148 million). This includes one-off expenses of approximately € 25 million for organisational restructuring and for harmonisation of the existing pension schemes.
In total, 7.2 million standard containers (TEU) were handled at HHLA’s container terminals in the 2017 financial year. Compared to 6.7 million TEU in the previous year, this equates to an increase of 8.1 percent. At the three container terminals in Hamburg, container throughput increased by 8.3 percent to 6.9 million TEU. Throughput at the container terminal in Odessa increased slightly by 3.4 percent to 0.3 million TEU.
HHLA’s Intermodal activities continued to develop very successfully. With growth of 5.2 percent, the transport volume climbed to 1.5 million TEU (previous year: 1.4 million TEU). This trend was driven by growth in both rail traffic (1.1 million TEU) and road transport (0.4 million TEU).
HHLA will publish the 2017 Annual Report and a business forecast for the 2018 financial year at 7.30 a.m. on Wednesday, 28 March 2018.
Hamburger Hafen und Logistik AG (HHLA) is a leading European port and transport logistics company. Its container hubs are the points of intersection within a network that links ports with economic regions in their hinterland. Its business model is based on innovative technologies and is committed to sustainability.