HHLA posts nearly 7% growth in revenue in FY2019
Feb 13, 2020: Hamburger Hafen und Logistik AG (HHLA) reported 6.8 percent growth in the group’s revenue at € 1.38 billion in the 2019 financial year as compared to its previous year’s figure of € 1.29 billion. The group’s operating result (EBIT) of € 222 million as against its previous year’s result of € 204 million, thus growing by 8.8 percent. This is according to preliminary unaudited figures released by the company.
The listed Port Logistics subgroup generated revenue of € 1.35 billion in comparison to its previous year’s figure of € 1.26 billion and an operating result (EBIT) of € 205 million as against € 188 million last year.
In total, 7.6 million standard containers (TEU) were handled at HHLA’s container terminals in the 2019 financial year. This is 3.3 percent more than in the previous year’s figure of 7.3 million TEU. Container throughput at the three container terminals in Hamburg slightly exceeded the high level achieved the previous year, while throughput at the international HHLA container terminals in Odessa (Ukraine) and Tallinn (Estonia) was significantly above the previous year’s level. It should be noted that the figures for the previous year are only partly comparable as the container terminal in Tallinn was first integrated into the HHLA consolidated group at the end of the second quarter of 2018.
With a transport volume of 1.57 million TEU as compared to last year’s 1.48 million TEU), HHLA’s Intermodal activities exceeded the previous year’s strong results by 5.7 percent. This result was driven by both rail and road transport.