05.02.2015
Hamburger Hafen und Logistik AG DE000A0S8488
DGAP-News: Hamburger Hafen und Logistik AG: HHLA Defies Crises and Improves Operating Result Significantly
DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Preliminary
Results
Hamburger Hafen und Logistik AG: HHLA Defies Crises and Improves
Operating Result Significantly
05.02.2015 / 07:30
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Despite the economic crises in Ukraine and Russia and a slowdown in the
growth of the global economy and global trade, Hamburger Hafen und Logistik
AG (HHLA) increased its revenue and operating result in the 2014 financial
year. The company achieved an operating result of EUR 169 million - up 10
percent on the previous year. Preliminary figures show that HHLA generated
revenue of approximately EUR 1.2 billion, representing a rise of more than
5 percent on 2013.
According to preliminary unaudited figures, HHLA increased its Group
revenue in the 2014 financial year to around EUR 1.2 billion (previous
year: EUR 1.14 billion)1 and reported an operating result (EBIT) of EUR 169
million (previous year: EUR 154 million)1. The Port Logistics subgroup -
the company's listed core business operations - generated revenue of
approximately EUR 1.17 billion (previous year: EUR 1.11 billion)1 and an
operating result (EBIT) of around EUR 155 million (previous year: EUR 140
million)1. 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.
"Our vertical Group strategy proved to be so robust in 2014 that we were
still able to generate above-average results even in a difficult operating
environment, which included a further delay in the dredging of the river
Elbe and the regional crises in Russia and Ukraine," says the Chairman of
HHLA's Executive Board, Klaus-Dieter Peters.
Container throughput at the three container terminals in Hamburg increased
by a moderate 1.2 percent 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 percent to almost 0.3
million TEU. Total container throughput remained on previous year's level,
at approximately 7.5 million TEU.
In contrast, HHLA's Intermodal companies' transport volume in European
seaport-hinterland traffic increased significantly by 9.4 percent 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.
1 The previous year's figures have been restated due to revised IFRS
regulations for group accounting.
Contact:
Heiko Hoffmann
Investor Relations
HAMBURGER HAFEN UND LOGISTIK AG
Bei St. Annen 1, D-20457 Hamburg, www.hhla.de
Tel: +49-40-3088-3397
Fax: +49-40-3088-55-3397
E-mail: [email protected]
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Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Germany
Phone: +49 (0)40-3088-0
Fax: +49 (0)40-3088-3355
E-mail: [email protected]
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, Hannover, München,
Stuttgart
End of News DGAP News-Service
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