DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Half Year Results Half-Year Figures 2017 - Increase of approximately 12 percent in container throughput and just over 7 percent in container transport - Chairwoman of the Executive Board, Angela Titzrath: "HHLA's customers generate growth at the Port of Hamburg" - Executive Board updates its forecast for Group EBIT, expecting a range between EUR 150 million and EUR 170 million including possible one-off expenses Hamburger Hafen und Logistik AG (HHLA) recorded significant year-on-year growth in its key performance indicators in the first half of 2017. Group revenue rose by almost 9 percent to EUR 622.8 million. While the Group's operating result (EBIT) climbed by approximately 48 percent to EUR 98.8 million, the Port Logistics subgroup's EBIT grew by just over 54 percent to EUR 90.6 million. This was primarily attributable to higher earnings in the Container segment due to an increase in volumes as well as to the successfully completed restructuring in the Logistics segment, which let to one-off expenses in the first half of 2016. Throughput at the HHLA container terminals stood at 3.6 million standard containers (TEU) - some 12 percent higher than in the first six months of last year. The Intermodal subsidiaries also achieved volume growth of approximately 7 percent to more than 744,000 TEU. Commenting on the positive course of business in the first half, Angela Titzrath, Chairwoman of HHLA's Executive Board, said, "Following the reorganisation of the alliances of the shipping companies, HHLA managed to maintain its strong position in contested market environments. We are not just benefiting from ongoing positive economic developments in the world and in Germany; we are also profiting from our own service capability. HHLA took timely steps to prepare for this upswing by making targeted investments in our facilities. This means we can offer our customers a range of services that offer a high level of quality and reliability, and thus generate growth at the Port of Hamburg with them." Asian Routes and Feeder Traffic Drive Container Throughput Intermodal Companies Successful on the Rails and the Roads HHLA on Course to Achieve Updated EBIT Forecast for 2017
Key Figures HHLA Group 1
Key Figures Port Logistics Subgroup 1,2,3
1 The prior-year earnings include one-off expenses of EUR 14.9 million from the restructuring of project and contract logistics Contact: Heiko Hoffmann Investor Relations HAMBURGER HAFEN UND LOGISTIK AG Bei St. Annen 1, D-20457 Hamburg, www.hhla.de Tel: +49-40-3088-3397 Fax: +49-40-3088-55-3397 E-mail: investor-relations@hhla.de
14.08.2017 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | Hamburger Hafen und Logistik AG |
Bei St. Annen 1 | |
20457 Hamburg | |
Germany | |
Phone: | +49 (0)40-3088-0 |
Fax: | +49 (0)40-3088-3355 |
E-mail: | info@hhla.de |
Internet: | www.hhla.de |
ISIN: | DE000A0S8488 |
WKN: | A0S848 |
Indices: | SDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |
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