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HHLA Significantly Improves Operating Results

Despite the crises in Ukraine and Russia and a global slowdown in growth and trade, Hamburger Hafen und Logistik AG (HHLA) increased its revenue and operating result in the 2014 financial year

According to preliminary unaudited figures, HHLA increased its group revenue in the 2014 financial year to around 1.2 billion euro (previous year: 1.14 billion euro) and reported an operating result (EBIT) of 169 million euro (previous year: 154 million euro). The Port Logistics subgroup – the company’s listed core business operations – generated revenue of approximately 1.17 billion euro (previous year: 1.11 billion euro) and an operating result (EBIT) of around 155 million euro (previous year: 140 million euro). HHLA will publish its complete set of final results for the 2014 financial year as well as a guidance for 2015 on 30 March 2015.

Moderate Growth In Container Traffic

Container throughput at the three container terminals in Hamburg increased by a moderate 1.2 per cent on the previous year to 7.2 million standard containers (TEU), impacted by lower feeder traffic with Russia in the second half of 2014. This rise was not enough to fully offset the drop in throughput at the Container Terminal Odessa in the Ukraine caused by the crisis in Ukraine. Throughput there fell by nearly 30 per cent to almost 0.3 million TEU. Total container throughput remained on previous year’s level, at approximately 7.5 million TEU.

Strong Increase In Intermodal

In contrast, HHLA’s Intermodal companies’ transport volume in European seaport-hinterland traffic increased significantly by 9.4 per cent to 1.3 million TEU. The strategy of using the companies’ own inland terminals in the European hinterland and own rolling stock to achieve a high level of added value mainly supported this strong growth.

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