10.11.2016
Hamburger Hafen und Logistik AG DE000A0S8488
DGAP-News: Stable Business Development Continues at Hamburger Hafen und Logistik AG
DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): 9-month figures
Stable Business Development Continues at Hamburger Hafen und Logistik AG
10.11.2016 / 07:30
The issuer is solely responsible for the content of this announcement.
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HHLA Interim Statement January to September 2016
Stable Business Development Continues at Hamburger Hafen und Logistik AG
During the reporting period, the Group revenue and operating result (EBIT)
of Hamburger Hafen und Logistik AG (HHLA) remained within the previous
year's range. Container throughput came in at only around 2 percent less
than in the same period of 2015. In a highly competitive environment, the
Group once again increased container transport by its Intermodal companies
by almost 6 percent. The Executive Board has elaborated its forecast for
the current financial year.
- Slight decrease in container throughput, 2.1 % down on the previous year
at 4.9 million standard containers (TEU)
- 5.9 % increase in container transport to 1.1 million TEU
- Revenue of EUR 871.0 million: 0.2 % up on the previous year
- Rise of 2.4 % in the operating result (EBIT), taking it to EUR 126.9
million, including one-off effects in the Logistics segment which offset
one another
Klaus-Dieter Peters, Chairman of HHLA's Executive Board, on the course of
business in the reporting period: "HHLA turned in a satisfactory
performance given the still subdued global economic growth, weak global
trade, a further slowdown in global container throughput and continued
infrastructure deficits. At 4.9 million standard containers (TEU),
container throughput was still around 2 percent lower than in the prior-
year period. However, we see a positive trend in the Container segment over
the year. The Intermodal segment once again recorded encouraging volume
growth. Container transport at the Intermodal companies rose by almost 6
percent to 1.1 million TEU. We are confident that we can reach our targets
by the end of the financial year. Our successfully established and expanded
Intermodal segment has become a dynamic earnings driver for our Group and
will play a key role in this development."
Group Revenue and EBIT Match Previous Year's Figures
In the first nine months of 2016, HHLA generated revenue of EUR 871.0
million at Group level. This roughly corresponds to the figure recorded in
the previous year (+ 0.2 percent). The operating result (EBIT) edged up
slightly by 2.4 percent year-on-year to EUR 126.9 million. EBIT for the
third quarter of 2016 included a one-off gain from the early termination of
a lease in the project and contract logistics business division. This one-
off gain offset the one-off expense of almost EUR 15 million for the
restructuring of the division as reported in the half-year financial
report.
Container Segment Has Bottomed Out
Although throughput at the HHLA container terminals was still down by 2.1
percent year-on-year at 4.9 million TEU in the period from January to
September 2016, developments over the course of the year indicated that it
had bottomed out. After the negative volume trend seen in the first half of
2016, volumes recovered in the third quarter, growing by 5.6 percent
compared with the same period of 2015. This growth was largely driven by an
increase in feeder traffic, particularly between Hamburg and Russia. In
addition to this, the HHLA container terminal in the Ukrainian port of
Odessa succeeded in boosting its throughput by 13.4 percent on the first
nine months of 2015. The Container segment's revenue decreased at a slower
rate than volumes, falling by just 1.2 percent to EUR 512.7 million. It was
able to grow its operating result (EBIT) by 3.7 percent to EUR 86.6
million.
Further Increases at Intermodal Companies
HHLA's transport companies moved 1.1 million TEU in the first nine months
of 2016, representing an increase of 5.9 percent on the previous year.
Revenue at the Intermodal segment climbed by 6.1 percent to EUR 289.5
million. Growth in the operating result (EBIT) once again significantly
outperformed the increase in volumes and revenue. At EUR 50.0 million, it
was 13.8 percent higher than one year earlier. This was mainly driven by
the HHLA rail companies, supported by volume growth and, in particular, an
improvement in the combination of import and export volumes as well as
better utilisation of trains.
Executive Board Elaborates on Forecast
The HHLA Executive Board has elaborated on its forecast for the 2016
financial year in light of the Group's performance over the first nine
months. Although the Executive Board still expects container throughput and
revenue to remain on a par with the previous year's figures, it now
anticipates a moderate increase in container transport. As the one-off
effects in the project and contract logistics business division offset one
another, the operating result (EBIT) at Group level is expected in the
range of EUR 150 million to EUR 160 million.
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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10.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
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, Tradegate Exchange
End of News DGAP News Service
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518947 10.11.2016
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