Hamburger Hafen und Logistik AG (HHLA) recorded significant year-on-year growth in in the first half of 2017, a press release said Monday (August 14, 2017). Group revenue rose by nearly 9 per cent to EUR 622.8 million while the operating result (EBIT) increased by around 48 per cent to EUR 98.8 million, the Port Logistics subgroup’s EBIT grew by just over 54 per cent to EUR 90.6 million.
Higher volumes of standard containers
The positive results are attributable mainly 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 led to one-off expenses in the first half of 2016. Throughput at the HHLA container terminals came to 3.6 million standard containers (TEU) – some 12 per cent higher than in the first six months of 2017. The Intermodal subsidiaries also achieved volume growth of approximately 7 per cent to more than 744,000 TEU.
Targeted investments in port
Commenting on the positive course of business, 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.”
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