“Pleasing” Q3 results for HHLA

Over the first nine months of the year, revenue at Hamburger Hafen und Logistik AG (HHLA) increased by €906m, with growth in the operating result (EBIT) up just under 11%. The company increased its operating result to €131m in the first three quarters.

Over the first three quarters, the Group expanded its position in the container transport market and increased its hinterland transport volume by over 10%.

Container throughput also increased (+1.8%), tempered though by a decrease of roughly 5% in feeder traffic at the company’s Hamburg terminals, stemming partly from a significant reduction in traffic with Russia. The economic impact of the conflict in Ukraine also affected the rate of growth, the company said.