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Hamburger Hafen und Logistik AG
Earnings Release • Mar 20, 2020
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Earnings Release
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News Details
Ad-hoc | 20 March 2020 08:58
Hamburger Hafen und Logistik AG: Strong impact of corona virus expected on revenues and earnings
Hamburger Hafen und Logistik AG / Key word(s): Forecast
Hamburger Hafen und Logistik AG: Strong impact of corona virus expected on revenues and earnings
20-March-2020 / 08:58 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Hamburg, 20 March 2020
Hamburger Hafen und Logistik Aktiengesellschaft Disclosure of an inside information in acc. to Article 17 of the Market Abuse Regulation
Strong impact of corona virus expected on revenues and earnings
Due to the unforeseeable progress of the Corona pandemic and the currently unforeseeable resulting effects on the world economy, global trade flows and HHLA’s customers, there is currently a very high degree of uncertainty. In this environment, a reliable forecast for business development in 2020 is not possible. However, on the basis of current knowledge and taking into account a weak start to the year compared with the previous year, HHLA assumes in its forecast for the financial year 2020 that revenues and operating result (EBIT) will strongly fall below the figures achieved in the previous year. This is primarily due to the possible temporarily sharp declines in container throughput and transport. The exact extent to which the previous year’s results will not be achieved cannot be reliably estimated at present.
Even taking into account the great uncertainty, the Management Board assumes, on the basis of the currently possible assessments for the financial year 2020, that HHLA’s liquidity will be sufficient to meet its due payment obligations at all times, despite the pandemic-induced burdens.
EBIT is defined as earnings before interest and taxes. Detailed information can be found here .
Contact:
Stefanie Steiner
Head of Investor Relations
HAMBURGER HAFEN UND LOGISTIK AG
Bei St. Annen 1, D-20457 Hamburg, www.hhla.de
Tel: +49-40-3088-3397
Fax: +49-40-3088-55-3397
E-mail: [email protected]
20-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Hamburger Hafen und Logistik AG |
| Bei St. Annen 1 | |
| 20457 Hamburg | |
| Germany | |
| Phone: | +49 (0)40-3088-0 |
| Fax: | +49 (0)40-3088-3355 |
| E-mail: | [email protected] |
| Internet: | www.hhla.de |
| ISIN: | DE000A0S8488 |
| WKN: | A0S848 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1002645 |
| End of Announcement | DGAP News Service |