Hamburger Hafen und Logistik AG
Hamburger Hafen und Logistik AG: Financial Year 2017 Continues to Develop Very Positively for HHLA
DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): 9-month figures Financial Year 2017 Continues to Develop Very Positively for HHLA – Operating result (EBIT) up 22.3 percent at EUR 155.2 million – Volume growth of 10.8 percent in container throughput and 6.8 percent in container transport – Chairwoman of the Executive Board, Angela Titzrath: “We will achieve the targets forecast for 2017.” Business remained strong and continued to develop positively at Hamburger Hafen und Logistik AG (HHLA) in the first nine months of 2017. While Group revenue rose by 8.3 percent year-on-year to EUR 942.8 million, the operating result (EBIT) increased by 22.3 percent to EUR 155.2 million. The profit after tax and minority interests – the relevant figure for shareholders – grew by 30.2 percent to EUR 79.3 million. Volumes went up by 10.8 percent in container throughput and 6.8 percent in container transport. The Chairwoman of HHLA’s Executive Board, Angela Titzrath, commented on the business developments as follows: “HHLA is currently benefiting from the positive trend in both the global economy and world trade, but also from the targeted sales activities and in-depth discussions with our customers which took place in the spring of this year and by which we secured – and in some cases expanded – our market position. We believe that we will achieve the targets forecast for 2017. Although the results are very pleasing, we continue to operate in a challenging market environment. Uncertainty remains in the form of the volatile trend in international trade, which has prompted a structural slowdown in growth over recent years and in the conditions at the Port of Hamburg. We are still waiting for work to commence on the dredging of the river Elbe.” Container Throughput Benefits from Far East Volumes and Feeder Traffic Further Growth at Intermodal Companies Executive Board Confirms Forecast for Financial Year 2017
Key Figures Port Logistics Subgroup 1,2
1 Before consolidation between subgroups Contact: Steffen Keim Investor Relations HAMBURGER HAFEN UND LOGISTIK AG Bei St. Annen 1, D-20457 Hamburg, www.hhla.de Tel: +49-40-3088-3100 Fax: +49-40-3088-55-3100 E-mail: investor-relations@hhla.de
14.11.2017 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 |