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Hamburger Hafen und Logistik AG
Earnings Release • Feb 7, 2019
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Earnings Release
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News Details
Corporate | 7 February 2019 07:30
Hamburger Hafen und Logistik AG: HHLA exceeds strong previous year’s result
DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Preliminary Results
07.02.2019 / 07:30
The issuer is solely responsible for the content of this announcement.
Hamburg, 7 February 2019
Preliminary Figures 2018
HHLA exceeds strong previous year’s result
– Revenue and profit rise
– Slight increase in container throughput, transport volumes at previous year’s high level
– Chairwoman of the Executive Board, Angela Titzrath: Our projected targets have been achieved and partially exceeded
Chairwoman of the Executive Board of Hamburger Hafen und Logistik AG (HHLA), Angela Titzrath, comments on the company’s preliminary unaudited figures for the 2018 financial year: “HHLA has performed very successfully over the past financial year, despite the deterioration of the market environment in the second half. The challenging targets we set for ourselves one year ago have been achieved and partially exceeded. These results confirm our strategy of strengthening the creative power and future viability of HHLA. We will continue to follow this path going forward. HHLA aims to be the gateway to the future.”
According to preliminary unaudited figures, Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by 3 percent to EUR 1.29 billion in the 2018 financial year (previous year: EUR 1.25 billion). The Group’s operating result (EBIT) of EUR 204 million (previous year: EUR 173 million) represents an increase of 18 percent.
The listed Port Logistics subgroup generated revenue of EUR 1.26 billion (previous year: EUR 1.22 billion) and an operating result (EBIT) of EUR 188 million (previous year: EUR 157 million, that include one-off expenses of approximately EUR 25 million for organisational restructuring and for the harmonisation of the existing pension schemes).
In total, 7.3 million standard containers (TEU) were handled at HHLA’s container terminals in the 2018 financial year. Compared to 7.2 million TEU in the previous year, this equates to an increase of 1.9 percent. Container throughput at the three container terminals in Hamburg remained at the high level achieved in the previous year, while throughput at the international HHLA container terminals in Odessa (Ukraine) and Tallinn (Estonia) increased. Estonia’s largest terminal operator, TK Estonia, has been successfully integrated into the HHLA Group following its acquisition last year.
HHLA’s Intermodal activities saw a transport volume of 1.48 million TEU (previous year: 1.48 million TEU), repeating the previous year’s strong results. This was driven by rail transport, while road transport declined.
HHLA will publish the 2018 Annual Report and a business forecast for the 2019 financial year on Wednesday, 27 March 2019, at 7.30 a.m.
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]
07.02.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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| 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 |
| End of News | DGAP News Service |