Hamburger Hafen und Logistik AG (HHLA) continued its positive development in the present fiscal year and surpassed last year’s strong results in the first nine months of 2018, a press release said Tuesday (November 13, 2018). In both the Port Logistics and Real Estate subgroups, revenue and the operating result increased or remained virtually unchanged. Revenue in the Port Logistics subgroup grew by 2.2 per cent while container throughput rose by 1.0 per cent.
Goals for 2018
The listed Port Logistics subgroup recorded a 2.2 per cent increase in revenue to EUR 939.9 million in the first nine months of 2017. The operating result (EBIT) also rose slightly by 0.7 per cent to EUR 143.6 million, with the EBIT margin remaining almost unchanged at 15.3 per cent. Angela Titzrath, Chair of HHLA’s Executive Board, said: “HHLA remains on its successful course in the current financial year. We will safely reach the targets set for 2018, despite an ever-changing market environment. We are further strengthening our core business through investments so that we can meet the future needs of our customers. Equally important is our search for new, digital business fields.“
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