HHLA Significantly Increases its Revenue and Profit
Angela Titzrath, Chairwoman of HHLA’s Executive Board: “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 our terminal facilities as well as by intensive sales activities and customer dialogues. Our Intermodal activities – the second major pillar of our business model – also made a significant contribution to the positive business development.”
Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by more than 6 percent to € 1.25 billion in the last financial year (previous year: € 1.18 billion) according to preliminary unaudited figures. The Group’s operating result (EBIT) of € 173 million increased by more than 5 percent (previous year: € 164 million).
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.