Germany: HHLA Marks Increase in Business
- Business & Finance
Hamburger Hafen und Logistik AG (HHLA) throughput grew by 4.4 percent to 7.5 million standard containers (TEU). The companies in the realigned Intermodal segment increased their transport volumes by 18.0 percent to 1.2 million TEU.
In the 2014 financial year, HHLA expects Group revenue to rise slightly and the operating result (EBIT) to be in the range € 138 million to € 158 million.
“We saw considerable increases in throughput and transportation in 2013. Our market share gains underline that we were well prepared for the challenges of a difficult market environment. HHLA also continues to have a high level of earnings. This increases our entrepreneurial scope,” stated the Chairman of HHLA’s Executive Board, Klaus-Dieter Peter.
In the 2013 financial year, HHLA’s revenue rose by 2.4 percent to € 1,155.2 million, largely matching volume trends following adjustment for non-recurring effects (including the realignment of the Intermodal segment). The operating result (EBIT) developed as forecast coming in at € 158.0 million. As a result of non-recurring effects, this figure is only to a limited extent comparable with the previous year’s amount.
In the current 2014 financial year, the market positions of HHLA’s Intermodal companies should be consolidated and the hinterland network expanded further.
A key target as part of HHLA’s sustainability strategy is to reduce specific CO2 emissions per container handled and transported by at least 30 percent between 2008 and 2020.
HHLA, March 27, 2014