HHLA exceeds strong previous year’s result

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.”

According to preliminary unaudited figures, Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by 3 percent to € 1.29 billion in the 2018 financial year (previous year: € 1.25 billion). The Group’s operating result (EBIT) of € 204 million (previous year: € 173 million) represents an increase of 18 percent.

The listed Port Logistics subgroup generated revenue of € 1.26 billion (previous year: € 1.22 billion) and an operating result (EBIT) of € 188 million (previous year: € 157 million, that include one-off expenses of approximately € 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.