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Sunday, August 25, 2019

Maritime Logistics Professional

February 7, 2019

HHLA Revenue, Profit Rise

Pic: Hafen Hamburg Marketing

Pic: Hafen Hamburg Marketing

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

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.

Chairwoman of the Executive Board of Hamburger Hafen und Logistik AG (HHLA), Angela Titzrath, comments on the company’s preliminary unaudited fig-ures 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.”

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.