Friday , 17 August 2018
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HHLA posts strong 2017

Germany’s Hamburger Hafen und Logistik (HHLA) reported a strong financially and operationally as throughput rose by 8.1% to 7.2m teu.

At HHLA’s three terminals in Hamburg throughput rose by 8.3% to 6.9m teu while in Odessa, Ukraine, volumes rose by 3.4% to 0.3m teu.

According to preliminary audits, HHLA’s group revenue rose by 6% to €1.25bn (US$1.53bn), while operating result (EBIT) increased by 5% to €173m (US$212m).

Angela Titzrath, chairwoman of HHLA’s Exectuive Board, said: “The positive course of business resulted not only from the strength of the global economy and global trade – it is also due to the trust placed in us by our customers and our own endeavours that HHLA succeeded in consolidating and partly expanding its market position.”

The Port Logistics subgroup generated an EBIT of €156m (US$191m) and revenue of €1.22bn (US$1.5bn). This figure includes one-off expenses of around €25m (US$31m) for organisational restructure and harmonisation of the existing pension scheme.

HHLA’s intermodal throughput also performed well, with volumes growing by 5.2% to 1.5m teu. Of this figure 1.1m teu came from rail traffic while the remaining volumes came from road transport.