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    Hamburger Hafen und Logistik AG increases market shares and fulfils forecast

    Posted by: Admin on Feb 06, 2014 - 12:15 PMPrinter friendly page Send this story to a friend

    Hamburger Hafen und Logistik AG (HHLA) has achieved significant volume growth in container throughput and hinterland transport in 2013 and has extended its market position. According to preliminary figures HHLA achieved Group revenue of approx. € 1,155 million and an operating result (EBIT) of around € 158 million, the company said in its press release. According to preliminary unaudited figures, HHLA increased its Group revenue to approx. € 1,155 million in the 2013 financial year (previous year: € 1,128.

    5 million), and achieved an operating result (EBIT) in the region of € 158 million (previous year: € 186.3 million). The Port Logistics subgroup – HHLA’s listed core business – generated revenue of approx. € 1,127 million (previous year: € 1,101.2 million) and an operating result (EBIT) of around € 144 million (previous year: € 173.1 million). This means that HHLA has fulfilled its earnings forecast specified in the course of 2013. According to this, Group revenue was expected to come in a range between € 1.1 billion and € 1.2 billion, and EBIT to be at the lower end of the range of € 155 million to € 175 million.

    For the Port Logistics subgroup EBIT was forecast to be at the lower end of the range of € 142 million to € 162 million. HHLA will publish its complete set of 2013 financial results as well as a guidance for 2014 on 27 March 2014. „With an increase of 4.4 % to 7.5 million standard containers (TEU) (previous year: 7.2 million TEU), container throughput at the HHLA terminals grew considerably, despite the general market trend, in a slightly declining competitive environment. The remaining HHLA companies in the realigned Intermodal segment even saw an 18.0 % rise in hinterland transport volume by rail and road to 1.

    2 million TEU, thereby significantly increasing their market share in a stagnating environment. “HHLA was able to strengthen and extend its competitive position in 2013 despite a challenging macroeconomic environment,” said HHLA’s Chairman of the Executive Board, Klaus-Dieter Peters.

    In accordance with PortNews information

    See Also:

    Bunker market of port St. Petersburg saw price movements in late 5th week
    Epic Gas Ltd. announces private placement of shares raising US$75 million
    Duisburger Hafen expands terminal handling capacities by 1M TEUs

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