30.03.2016
Hamburger Hafen und Logistik AG DE000A0S8488
DGAP-News: Hamburger Hafen und Logistik AG: Port and Transport Logistics - a Strategy that's Proven Itself
DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Final Results
Hamburger Hafen und Logistik AG: Port and Transport Logistics - a Strategy
that's Proven Itself
30.03.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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HHLA Financial Year 2015
Port and Transport Logistics - a Strategy that's Proven Itself
Hamburger Hafen und Logistik AG (HHLA) increased its profit after tax and
minority interests by around 13 percent in 2015. While container throughput
of HHLA declined in the 2015 financial year due to a persistently
challenging environment, HHLA's Intermodal companies saw a very pleasing
development, with an operating result (EBIT) that more than doubled. As a
result of its successful diversification strategy, HHLA achieved sound
revenue overall in the past financial year and an operating result of
almost EUR 157 million. The Executive Board and the Supervisory Board are
proposing a significantly higher payout to the company's shareholders.
- At 6.6 million TEU, container throughput falls below the previous
year's figure by 12.3 %
- Further increase of 2.7 % in container transport to 1.3 million TEU
- Operating result (EBIT) of EUR 156.5 million is 7.5 % below the
previous year's figure
- Profit after tax and minority interests up by 13.2 % year-on-year at
EUR 66.7 million
- Dividend proposal: up 13.5 % to EUR 0.59 per listed Class A share
- Outlook for 2016: Container throughput on a par with the previous year,
slight increase in container transport. Operating result after one-off
consolidation expenses expected to come in the range of EUR 115
million to EUR 145 million
Corporate Development 2015
Despite a persistently difficult environment, HHLA generated revenue of EUR
1.1 billion and an operating result (EBIT) of EUR 156.5 million in the 2015
financial year. Revenue fell by 4.8 % compared to the previous year and the
operating result was 7.5 % lower. By contrast, profit after tax and
minority interests increased significantly by 13.2 % to EUR 66.7 million.
Seaborne container throughput at the HHLA terminals declined by 12.3 % to
6.6 million standard containers (TEU). HHLA's Intermodal companies once
again increased the volume of transported containers by 2.7 %, to 1.3
million TEU, however, following an already strong previous year. The growth
drivers in this case were again HHLA's rail companies, Metrans and Polzug,
which increased container transport by 5.3 %.
Profit after tax and minority interests for the Port Logistics subgroup
increased by 12.8 % to EUR 58.9 million. At the Annual General Meeting on
16 June 2016, HHLA's Executive Board and Supervisory Board will therefore
propose a dividend of EUR 0.59 per dividend-entitled Class A share - up
13.5 % from the 2014 financial year. For 2015, HHLA intends to payout EUR
46.0 million in total to the shareholders of the listed Port Logistics
subgroup and the non-listed Real Estate subgroup.
HHLA's Chairman of the Executive Board, Klaus-Dieter Peters: "The results
achieved in the 2015 financial year once again confirm our strategy of
positioning and further expanding the Intermodal segment as a second strong
pillar alongside the Container segment. Our rail activities are by now
contributing substantially to the earnings and stability of the Group. The
challenging environment - the weak global economic, trade and container
throughput growth, China's slowing economic growth, the severe recession in
Russia and the economic crisis in Ukraine, where we managed to reduce the
impact of the lower throughput at our Container Terminal Odessa by gaining
market share - was felt particularly in seaborne container handling at our
Hamburg terminals. On top of this, there were persistent infrastructure
deficits that led to a drop in volumes in light of renewed fierce
competition and further increased capacity."
Outlook for 2016
In view of the forecast economic developments and the prolonged regional
risks, as well as the existing infrastructure deficits, HHLA anticipates
that container throughput will be on a par with the previous year, and that
container transport will once again see an increase in volume in the 2016
financial year. Group revenue is expected to remain unchanged against the
previous year. The Group's operating result (EBIT) is expected to come in
the range of EUR 115 million to EUR 145 million, following one-off
consolidation expenses in the Logistics segment.
HHLA's Chairman of the Executive Board, Klaus-Dieter Peters: "In order to
exploit the opportunities available to us in a targeted manner and to
reduce one-sided dependencies and risks, we are using our diversification
strategy to focus on several major pillars for the future of the Group.
First of all, we will maintain and build upon our market leadership in
Hamburg. To achieve this, we will continue with preparing our container
terminal for handling particularly large ships, and increase our
productivity by further automating and optimising our processes. Secondly,
we will expand the network of our Intermodal companies by operating new
connections and establishing new locations for European port hinterland and
continental traffic. In 2015, more than 50 percent of our Group investments
went into developing our rail companies, which recorded a high level of
added value with their own rolling stock and their own hub and inland
terminals. We are currently investing in a further hub terminal in
Budapest. Our third aim is to achieve accelerated horizontal growth through
expanded regional and product strategies. We are going to intensify our
search for attractive port projects in growth markets and to systematically
exploit the opportunities available."
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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service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hanover, Munich, Stuttgart; Terminbörse EUREX
End of News DGAP News Service
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