HHLA significantly increases its revenue & profit in 2017

Posted by Daily Shipping Times on 14-02-2018        Tweet

HAMBURG : Angela Titzrath, Chairwoman of HHLA’s Executive Board said : “HHLA can look back on 2017 as an exceptionally successful financial year. The positive course of business resulted not only from the strength of the global economy and global trade. It is also due to the trust placed in us by our customers and our own endeavours that HHLA succeeded in consolidating and partly expanding its market position in the wake of the reorganisation of syndicate structures. This was supported by investments in our terminal facilities as well as by intensive sales activities and customer dialogues. Our Intermodal activities – the second major pillar of our business model – also made a significant contribution to the positive business development.”

Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by more than 6 percent to € 1.25 billion in the last financial year (previous year: € 1.18 billion) according to preliminary unaudited figures. The Group’s operating result (EBIT) of € 173 million increased by more than 5 percent (previous year: € 164 million).

In total, 7.2 million standard containers (TEU) were handled at HHLA’s container terminals in the 2017 financial year. Compared to 6.7 million TEU in the previous year, this equates to an increase of 8.1 percent. At the three container terminals in Hamburg, container throughput increased by 8.3 percent to 6.9 million TEU. Throughput at the container terminal in Odessa increased slightly by 3.4 percent to 0.3 million TEU.

HHLA’s Intermodal activities continued to develop very successfully. With growth of 5.2 percent, the transport volume climbed to 1.5 million TEU (previous year: 1.4 million TEU). This trend was driven by growth in both rail traffic (1.1 million TEU) and road transport (0.4 million TEU).