HHLA continues success
(Posted on 18/11/19)
Hamburger Hafen und Logistik AG (HHLA) in Hamburg has continued its positive performance in the first nine months of 2019. The company recorded another significant increase in revenue and saw strong growth in its operating result. It was again possible to improve profitability year-on-year in a challenging market environment. Including a significant increase in revenue from the Logistics segment and a once again moderate increase in revenue from property management, this led to total revenue of € 1,044.6 million (+ 8.3 percent). The operating result (EBIT) improved strongly by € 19.3 million, or 12.4 percent, to € 175.4 million. The positive effects of the initial application of IFRS 16 in the EBIT amounted to approximately € 10.6 million.
Angela Titzrath, Chairwoman of HHLA’s Executive Board: “As encouraging as our business trend is this year, we must still keep a realistic view of the changing conditions in which we operate. The challenges facing the entire transport and logistics industry remain significant. We are approaching these challenges with confidence and vigour and are continuing to work towards our aim and mission of making HHLA ready for the future. This means that we will strengthen our core business and tap into new, highly promising sectors.”
The listed Port Logistics subgroup recorded an 8.6 percent increase in revenue to € 1,020.2 million in the first nine months. It was able to grow its operating result (EBIT) by 13.3 percent to € 162.7 million. The EBIT margin improved by 0.6 percentage points to 15.9 percent.
In the Container segment, container throughput increased moderately by 4.0 percent in the first nine months of 2019 to 5,730 thousand standard containers (TEU). In addition to the successful integration of the terminal in Tallinn, there was also a small improvement in throughput volume in Hamburg which contributed to this development. Due to the increase in volume combined with an improvement in average revenue compared to the previous year, revenue increased by 6.0 percent to € 605.5 million. This was caused primarily by an increase in the rail share. The operating result (EBIT) increased by € 9.7 million or 9.4 percent year-on-year to € 112.6 million. Of this increase, approximately € 8.0 million is attributable to the application of IFRS 16. The EBIT margin improved by 0.6 percentage points to 18.6 percent.
In the first nine months of 2019, HHLA’s transport companies achieved significant growth in the Intermodal segment.
As a result of the Group’s performance in the first nine months of 2019, the HHLA Executive Board is updating its assessment of expected earnings for the Group in 2019.
Latest News
Antwerp-Bruges stands firm as geopolitical forces reshape trade flows
(Posted on 16/07/26)In the first half of 2026, Port of Antwerp-Bruges handled 133.9 million tonnes of maritime cargo, a... Read more
PD Ports announce Paul Foreman as new CEO
(Posted on 16/07/26)PD Ports, one of the UK’s major port and logistics businesses, announced today that Paul Foreman... Read more
New San Diego bulk sugar import facility to use only electric trucks
(Posted on 03/07/26)The Port of San Diego Board of Port Commissioners has approved an Option to Lease Agreement and authorised... Read more
Expanded partnership through bulk infrastructure development at Khalifa Port
(Posted on 30/06/26)AD Ports Group, an Abu Dhabi based, leading global enabler of integrated trade, industry and logistics... Read more
Port of Hamburg strengthens partnership with China
(Posted on 29/06/26)The Hamburg Port Authority (HPA) and SPG Qingdao Port Group have signed a Port Partnership Agreement... Read more
Contract awarded for Pilbara Ports Zone 5 Bypass Channel
(Posted on 29/06/26)The Cook Labor Government in Australia has welcomed the award of a dredging contract to Jan De Nul ... Read more
Netherlands Parliamentary rules out Maasvlakte II as location for new nuclear power plants
(Posted on 29/06/26)A parliamentary letter in the Netherlands on the selection of a site for the construction of two new... Read more
SSAB’s port operations in Raahe develop safety together with ESL Shipping
(Posted on 25/06/26)The long-term safety cooperation between ESL Shipping and the port of SSAB’s Raahe site is visible... Read more
Liverpool sees 200% rise in fertiliser imports interest amid ongoing uncertainty
(Posted on 22/06/26)The Port of Liverpool is experiencing a surge in demand from fertiliser importers as continued uncertainty... Read more
PD Ports strengthens Teesport bulk handling with £5.4m crane investment
(Posted on 18/06/26)PD Ports has further strengthened its bulk handling capability at Teesport with the arrival of... Read more
