13.05.2015
Hamburger Hafen und Logistik AG DE000A0S8488
DGAP-News: Hamburger Hafen und Logistik AG: Strong in the Hinterland, Significant Increase in Earnings
DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Interim
Report
Hamburger Hafen und Logistik AG: Strong in the Hinterland, Significant
Increase in Earnings
13.05.2015 / 07:30
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HHLA Interim Report January to March 2015
Strong in the Hinterland, Significant Increase in Earnings
- Operating result climbs significantly by 9.3 %
- Revenue up slightly by 1.2 %
- Container transport expands by 9.3 %
- Container throughput decreases by 6.2 %
In the first quarter of 2015, Hamburger Hafen und Logistik AG (HHLA)
increased its operating result (EBIT) by 9.3 % to EUR 43.0 million. The
operating result increased more than the revenue, which rose by 1.2 % in
the first quarter to EUR 296.9 million. Container throughput declined by
6.2 % to 1.7 million standard containers (TEU). In contrast, the number of
containers transported by the HHLA Intermodal companies increased by 9.3 %
to 333 thousand TEU.
"The 2015 financial year started well for Hamburger Hafen und Logistik AG.
We were able to continue last year's upward trend in both revenue and
earnings in the first quarter. Our Intermodal companies have performed
particularly well, and are playing an increasingly important role within
the Group. This once again shows that our strategy of vertical alignment
along the transport chain is successful. The increase in volumes seen at
the Intermodal companies confirms this, as does the operating result, which
has more than doubled against the previous year. Over the course of the
year, we expect to see volumes recover in the Container segment, and a
slight slowdown in the volume dynamics for the Intermodal segment. Our
forecast for the full year of a slight increase in revenue and an operating
result for the Group on par with the previous year therefore remains
unchanged," said Klaus-Dieter Peters, Chairman of HHLA's
Executive Board.
Intermodal companies record clear growth in volume, revenue and earnings
Both Metrans and Polzug were able to increase transport volumes by a
double-digit percentage against the same period in the previous year and
expand their market position. The growth in volume and the longer average
transport distances resulted in higher revenue. Revenue rose by 10.6 % in
comparison to the same quarter in the previous year to EUR 91.7 million
(previous year: EUR 82.9 million). Against previous year, the operating
result in the Intermodal segment more than doubled to EUR 12.7 million
(previous year: EUR 5.8 million). The impact of investments in greater
value added with own terminals, wagons and locomotives is clearly
noticeable.
Container throughput: Seaborne handling falls, rail and truck carriers on
the rise
A decrease in the volatile feeder traffic and a lower degree of capacity
utilisation of the liner services led to a clear drop in volumes in
seaborne container handling. Due to the crisis, feeder traffic with Russia
alone declined by approximately 40 % compared to the same quarter in the
previous year. This was contrasted by the consistently high growth rates in
profitable rail and truck carriers. Container handling amounted to 1,747
thousand TEU, 6.2 % lower than the previous year's figure of 1,862 thousand
TEU. Compared to the previous year, the operating result in the Container
segment came in lower overall. It fell 12.6 % to EUR 32.6 million (previous
year: EUR 37.3 million). Lower storage fees had quite an impact, along with
the drop in volume. In the first quarter of 2014, storage fees had risen
temporarily due to ship delays. Handling at the Container Terminal Odessa
seems to have reached its lowest point. HHLA expects an increase in volume
over the course of the year if a larger market share can be gained and the
political and economic situation in Ukraine stabilises.
Forecast for revenue and EBIT unchanged
HHLA stands by its previous forecast, and expects a slight increase in
container throughput as well as moderate growth in container transport.
HHLA expects a slight increase in revenue and an operating result (EBIT)
for the Group on a par with the previous year.
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.
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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
End of News DGAP News-Service
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356593 13.05.2015
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