HHLA financial results show early impacts of COVID-19
Hamburger Hafen und Logistik AG (HHLA) has recorded a moderate decrease in revenue and a significant drop in earnings for the first three months of the 2020 financial year.
Earnings Before Interests and Taxes (EBIT) fell 38.6% to €36.7m (US$39.9m) while revenue decreased by 3.4% to €355.7m (US$386.7m).
Meanwhile, Earnings Before Interests, Taxes, Depreciation and Amortisation (EBITDA) dropped by 21.3% to €98.4m (US$106.9m).
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