Quarterly figures

Marvin Meyke,

HHLA remains successful

Hamburger Hafen und Logistik AG (HHLA) was able to continue its positive business development in the first nine months of the year.

HHLA increased its container throughput in the first nine months of 2019. © HHLA / Thies Rätzke

The company once again recorded a significant increase in sales and a sharp rise in earnings: Group sales rose by 8.3% and the operating result (EBIT) increased by 12.4%. In a challenging market environment, profitability improved once again compared to the same period in the previous year. Thanks to the successful integration of the Estonian terminal operator HHLA TK Estonia, which was acquired last year, and a slight improvement at the Hamburg terminals, container throughput rose moderately.

Significant increase in container transport turnover
A significant increase was achieved in container transport. Together with a significant increase in turnover in the Logistics segment and another moderate increase in income from real estate management, this led to turnover of EUR 1,044.6 million, an increase of 8.3%. The operating result (EBIT) increased by 19.3 million euros or 12.4%. The positive effect from the first-time application of IFRS 16 on EBIT amounted to around 10.6 million euros.

"We have to keep a realistic eye on the general conditions"
Angela Titzrath, Chairwoman of HHLA's Executive Board, explained: "As pleasing as business is developing this year, we must nevertheless keep a realistic eye on the currently changing framework conditions. The challenges for the entire transport and logistics industry remain demanding. We are tackling these challenges with confidence and vigor and continue to have the goal and ambition of future-proofing HHLA. This means that we are strengthening our core business and at the same time tapping into new and promising business areas."

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Based on business developments in the first nine months of the year, HHLA's Executive Board has specified its assessment of the Group's expected earnings position for 2019. In terms of volume, HHLA now anticipates a moderate increase in container throughput and a significant increase in container transport. Against this backdrop, a significant increase in Group revenue is expected for 2019. While HHLA continues to anticipate a significant increase in the operating result (EBIT) at Group level, a moderate increase is now expected at segment level in the Container division and a strong increase in the Intermodal division.

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