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HHLA Announces Revenue Increase

HHLA Announces Revenue Increase

Hamburger Hafen und Logistik (HHLA), a major Port of Hamburg terminal operator, has announced an increase in revenue of 1.1% in its half-year results compared to 2017, which it has credited to its port logistics and real estate areas.

HHLA also posted a 1.2% increase in container traffic throughput to 3.6 million TEU, which was driven largely by stronger Asia traffic.

Revenue in the container area alone rose by 2.2%, with earnings before interest and taxes (EBIT) rising by 17.9%.

However, container transport declined by 4.2%, which was accurate with pre-result projections.

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This is a result of internal realignment of operations in the company’s intermodal department.

Speaking about the results, Angela Titzrath, Chairwoman of HHLA’s Executive Board, commented: “HHLA’s positive performance in the first half of the year gives us confidence that we will achieve the targets announced for the financial year.

“HHLA has the knowledge and experience to cope with the challenges of a volatile market.

“Working closely with our customers and being a reliable partner to them, all while offering exceptionally good service and a high degree of professionalism, is a decisive factor in this regard.”

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