Hamburger Hafen und Logistik AG’s (HHLA) revenue increased by 3% in 2018 as its container terminals enjoyed a bounce in TEU volume, according to its preliminary financial results.
In a statement, HHLA said it handled 7.3 million TEU in the 2018 financial year, compared to 7.2 million in 2017, which equates to an increase of 1.9%.
Container throughput at its three terminals in Hamburg remained roughly the same from 2017, while terminals in Odessa, Ukraine, and Tallinn, Estonia, increased.
Furthermore, 2018 also saw Estonia’s largest terminal operator, TK Estonia, has been successfully integrated into the HHLA Group following last year’s acquisition.
The Group’s intermodal activities remained consistent with 2017 as it carried approximately 1.48 million containers – this was driven predominantly by rail transport, while road transport declined.
A recent Port Technology technical paper looked at what terminals can do to become more eco-friendly
Speaking about the preliminary results, Angela Titzrath, Chairwoman of the Executive Board of HHLA, said this: “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 par-tially exceeded. These results confirm our strategy of strengthening the creative power and future viability of HHLA.
#HHLA FY18 prelim figures confirm strategy: Despite a less supportive market environment, revenue slightly exceeds strong previous year. EBIT with marked increase. Get more information on https://t.co/YPvLxk1HKw
— HHLA IR (@HHLA_IR) February 7, 2019
“We will continue to follow this path going forward. HHLA aims to be the gateway to the future.”
HHLA will publish the full 2018 results and forecast for 2019 on March 27, 2019.