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HHLA Container Terminal Tollerort © Foto: HHLA

HHLA reports significant increase in earnings

In the first quarter of 2015, Hamburger Hafen und Logistik AG (HHLA) increased its operating result (EBIT) by 9.3 per cent to 43.0 million euro

The operating result increased more than the revenue, which rose by 1.2 per cent in the first quarter to 296.9 million euro. Container throughput declined by 6.2 per cent to 1.7 million standard containers (TEU). In contrast, the number of containers transported by the HHLA Intermodal companies increased by 9.3 per cent to 333 thousand TEU.

Intermodal Companies Record Clear Growth in Volume, Revenue, and Earnings

Both Metrans and Polzug were able to increase transport volumes by a double-digit percentage against the same period in the previous year and expand their market position. The growth in volume and the longer average transport distances resulted in higher revenue. Revenue rose by 10.6 pert cent in comparison to the same quarter in the previous year to 91.7 million euro (previous year: 82.9 million euro). Against previous year, the operating result in the Intermodal segment more than doubled to 12.7 million euro (previous year: 5.8 million euro). The impact of investments in greater value added with own terminals, wagons and locomotives is clearly noticeable.

Container Throughput: Seaborne falling, Rail and Rock on the Rise

A decrease in the volatile feeder traffic and a lower degree of capacity utilisation of the liner services led to a clear drop in volumes in seaborne container handling. Due to the crisis, feeder traffic with Russia alone declined by approximately 40 per cent compared to the same quarter in the previous year. This was contrasted by the consistently high growth rates in profitable rail and truck carriers. Container handling amounted to 1,747 thousand TEU, 6.2 per cent lower than the previous year’s figure of 1,862 thousand TEU.

Compared to the previous year, the operating result in the Container segment came in lower overall. It fell 12.6 per cent to 32.6 million euro (previous year: 37.3 million euro). Lower storage fees had quite an impact, along with the drop in volume. In the first quarter of 2014, storage fees had risen temporarily due to ship delays. Handling at the Container Terminal Odessa seems to have reached its lowest point. HHLA expects an increase in volume over the course of the year if a larger market share can be gained and the political and economic situation in Ukraine stabilises.

Forecast for revenue and EBIT unchanged

HHLA stands by its previous forecast, and expects a slight increase in container throughput as well as moderate growth in container transport. HHLA expects a slight increase in revenue and an operating result (EBIT) for the Group on a par with the previous year.

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