Hamburger Hafen und Logistik AG

Earnings Release • Nov 30, 2007

News Details

Corporate | 30 November 2007 08:00

Hamburger Hafen und Logistik AG: Interim Report – Positive business development continues

Hamburger Hafen und Logistik AG / Quarter Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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The issuer / publisher is solely responsible for the content of this announcement.

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Hamburger Hafen und Logistik AG (HHLA) reached high double-digit growth
rates in revenues and earnings in the first nine months of the 2007 fiscal
year. Revenues increased by 17.5 percent, while after-tax earnings improved
45.2 percent to EUR 110 million.

'The first nine months of 2007 are confirmation of our course. HHLA has
succeeded once again in taking advantage of the continuing dynamic global
trade to achieve above-average growth in revenues and earnings', emphasised
Klaus-Dieter Peters, Chairman of the HHLA Executive Board, on November 30,
2007 when the HHLA interim report on January to September 2007 was
published. 'For 2007 as a whole, we expect to substantially exceed the
revenues and earnings records set in the previous year. Earnings are
currently expected to increase disproportionately faster than sales.'

KEY FIGURES AT A GLANCE (DEVELOPMENT JANUARY - SEPTEMBER 2007)
- Revenue growth of 17.5 percent to EUR 871 million.
- Earnings before interest, tax, depreciation and amortisation (EBITDA) up
41 percent to EUR 285 million.
- Disproportionately large increase of 49.5 percent in operating result
(EBIT) to EUR 219 million.
- After-tax earnings 45.2 percent higher at EUR 110 million.

In the first nine months of 2007 the HHLA Group achieved sustained high
growth in a positive market environment characterised by a continued strong
increase in container traffic; recent forecasts indicate that container
traffic is expected to expand by a total of almost 12 percent in 2007, both
globally and at the Northern European ports. As an integrated handling,
transport and logistics provider, the Group was able to extend its services
considerably along the logistics chain between the international Port of
Hamburg and its European hinterland. This development was driven in
particular by the increase in container traffic with East Asia and Eastern
Europe.

EXPANSION PROGRAMME
To continue implementation of its growth strategy, HHLA intends to invest
almost EUR 1.5 billion in the expansion of its container terminals, its
intermodal network and its logistics operations between 2008 and 2012. The
strong growth in container volume is particularly challenging in this
context. The Chairman of the HHLA Executive Board, Klaus-Dieter Peters,
explains: 'The objective is to carry out our ambitious expansion programmes
when equipment and network capacity utilisation levels are high and at the
same time to satisfy the ever-increasing demand from our customers.'

FORECAST
For 2007 as a whole, HHLA expects to substantially exceed its revenues and
operating result (EBIT) from 2006. The company believes that revenues will
continue to grow at a rate of more than ten percent. According to current
indicators, EBIT will again increase disproportionately.

ABOUT HHLA AG
Hamburger Hafen und Logistik AG (HHLA) is one of the leading port logistics
groups in the European North Range. With its Container, Intermodal and
Logistics segments, HHLA is positioned vertically along the transport
chain. Efficient container terminals, high-capacity transport systems and a
full range of logistics services form a complete network between the
international Port of Hamburg and its European hinterland.

Disclaimer

This release is neither a prospectus nor does it constitute an offer to
sell or the solicitation of an offer to purchase the shares or other
securities of Hamburger Hafen und Logistik AG and is not a substitute for
the prospectus. The shares offered in the IPO have already been placed.

This release is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended (the 'Securities Act'). Any public
offering of securities to be made in the United States of America will be
made by means of a prospectus that may be obtained from Hamburger Hafen und
Logistik AG or a selling shareholder, and that will contain detailed
information about the company and management, as well as financial
statements. Neither Hamburger Hafen und Logistik AG nor the selling
shareholder intends to register any part of the offering in the United
States of America.
30.11.2007 Financial News transmitted by DGAP

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Language: English
Issuer: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Deutschland
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
Listed: Regulierter Markt in Frankfurt, Hamburg; Freiverkehr in
Berlin, Hannover, Stuttgart, München, Düsseldorf

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