Hamburger Hafen und Logistik AG

Earnings Release • Jul 25, 2012

News Details

Ad-hoc | 25 July 2012 07:30

Hamburger Hafen und Logistik AG: HHLA adjusts forecast to altered market conditions

Hamburger Hafen und Logistik AG / Key word(s): Change in Forecast

25.07.2012 07:30

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As a consequence of the looming economic slowdown and new schedules of
shipping companies, the Executive Board of HHLA last night adjusted its
forecast for the current financial year. Upon the reassessment, it is now
expecting a container throughput for 2012 in the region of the previous
year (2011: approx. 7 million TEU). The former target of volume growth in
the region of 5% does no longer seem achievable according to the current
view.

Taking the realignment of the Intermodal segment into consideration, the
company is still aiming at a Group revenue in the range of 1.1 billion EUR.
Based on the volume adjustment and productivity lost due to the
reorganisation in the Container segment the operating result (EBIT) is now
expected to be in a range between 170 and 190 million EUR (previously: at
least 200 million EUR). Against the background of the adjusted volume
expectation, there is now a review of the scalability of capital
expenditures going on.

Statements regarding the expected course of business are currently subject
to an unusually high uncertainty, since the effects of the sovereign debt
crisis on the economic development and global trade are further unclear
while downside risks have clearly increased over the recent past.

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Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Germany
Phone: +49 (0)40-3088-1
Fax: +49 (0)40-3088-3355
E-mail: info@hhla.de
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, Hannover, München,
Stuttgart

End of Announcement DGAP News-Service

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