HHLA Revenues Increase 6.3%


Hamburger Hafen und Logistik AG (HHLA) has marked a rise in revenue to €1.25 billion, a 6.3% increase, as a result of increased container throughput and transport.

Despite one-off expenses for organizational restructuring and alignment of pension schemes, the operating results (EBIT) increased by 5.6% over the year.

HHLA predicts that container throughput and transport volume for 2018 will be on par with the previous year – meaning revenue should remain at similar figures.

The operating results at the Port Logistics subgroup, however, is expected to rise sharply in 2018.

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Chairwoman of HHLA’s Executive Board, Angela Titzrath said: “The success of the 2017 financial year has given us the strength and momentum to continue working to implement our ambitious growth targets.

“All segments played their part in this. HHLA has solid foundations.

“This includes both our financial base and our prospects for the future as the driving force behind the digital transformation of the port…

“Our aim is to further increase quality, productivity and competitiveness in order to justify the confidence of our customers in HHLA’s performance.

“With the agreed acquisition of the Estonian port operator Transiidikeskuse AS, we are pursuing our target of also achieving international growth.

“A target also served by the takeover of the remaining shares in Metrans.”

Read more: HHLA Acquires Estonia’s Biggest Terminal Operator

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