HHLA’s Revenue & Profit Witness Significant Surge

HHLA Container Terminal Altenwerder (Image Courtesy: Youtube)

Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by more than 6 per cent to € 1.25 billion (USD 1.53 billion) in the last financial year (previous year: € 1.18 billion (USD 1.45 billion)), according to preliminary unaudited figures.

The Group’s operating result (EBIT) of € 173 million (USD 211.93 million) increased by more than 5 per cent (previous year: € 164 million (USD 200.91 million)).

The listed Port Logistics subgroup generated revenue of € 1.22 billion (USD 1.49 billion) (previous year: € 1.15 billion (USD 1.41 billion)) and an operating result (EBIT) in the amount of € 156 million (USD 191.11 million) (previous year: € 148 million (USD 181.31)). This includes one-off expenses of approximately € 25 million (USD 30.63 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 per cent. At the three container terminals in Hamburg, container throughput increased by 8.3 per cent to 6.9 million TEU. Throughput at the container terminal in Odessa increased slightly by 3.4 per cent to 0.3 million TEU.

HHLA’s Intermodal activities continued to develop very successfully. With growth of 5.2 per cent, 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).

Angela Titzrath, Chairwoman of the Executive Board of HHLA (Image Courtesy: HHLA / Thies Rätzke)

Chairwoman of HHLA’s Executive Board, Angela Titzrath said, “HHLA can look back on 2017 as an exceptionally successful financial year. The positive course of business resulted not only from the strength of the global economy and global trade. It is also due to the trust placed in us by our customers and our own endeavours that HHLA succeeded in consolidating and partly expanding its market position in the wake of the reorganisation of syndicate structures.”

This was supported by investments in HHLA’s terminal facilities as well as by intensive sales activities and customer dialogues. The intermodal activities also made a significant contribution to the positive business development, she added. HHLA has announced that it will publish the 2017 Annual Report and a business forecast for the 2018 financial year on Wednesday, 28 March 2018.

Sea News, February 8