Corporate | 3 February 2010 08:00
Hamburger Hafen und Logistik AG / Preliminary Results
03.02.2010
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Despite an extremely tough market environment Hamburger Hafen und Logistik
AG (HHLA) has fulfilled its lifted earnings forecast made last autumn for
the financial year 2009.
Provisional, not yet certified figures indicate that in the financial year
2009, HHLA achieved Group revenue of approx. 988 million euros (previous
year: 1,327 million euros) and an operating result from continuing
activities (EBIT) of around 176 million euros (previous year: 358 million
euros). In 2009 the stock-exchange listed subgroup Port Logistics, HHLA's
core business, reached revenue of approx. 960 million euros (previous year:
1,299 million euros) with the operating result from continuing activities
(EBIT) at around 164 million euros (previous year: 344 million euros). HHLA
accordingly succeeded in meeting its forecast for the year entirely. HHLA
will be publishing its final figures on 31 March 2010.
In 2009 throughput in the Container segment fell by 32.9 percent to 4.9
million standard containers (TEU). The main reason for this is that the
Port of Hamburg as the leading hub for the exchange of goods with Asia as
well as Central and Eastern Europe was especially hard hit by the economic
crisis. In particular, the disproportionate collapse of the national
economies in Eastern Europe, which had enjoyed dynamic growth in recent
years, caused a steep drop in container throughput.
The hinterland traffic operated by the Intermodal segment nevertheless held
its own well in a difficult market. With a downturn of 18.5 percent at 1.5
million standard containers, volume transported fell by rather less than
anticipated.
'Despite the most serious economic crisis of the post-war era, we have
succeeded in maintaining HHLA's financial stability. We launched a
programme of measures in a timely manner which aimed not only at limiting
the impact of the crisis but at maintaining future prospects. This has
proved very effective,' said Klaus-Dieter Peters, Chairman of the HHLA
Executive Board. 'A solid balance sheet will enable HHLA to actively
develop its business model further.'
About HHLA
Hamburger Hafen und Logistik AG (HHLA) is one of the leading port logistics
groups in the European North Range. With its Container, Intermodal and
Logistics segments, HHLA is positioned vertically along the transport
chain. Efficient container terminals, high-capacity transport systems and a
full range of logistics services form a complete network between the
overseas port and its European hinterland.
Kontakt:
Matthias Funk
Investor Relations
HAMBURGER HAFEN UND LOGISTIK AG
Bei St. Annen 1, D-20457 Hamburg, www.hhla.de
Tel: +49-40-3088-3397
Fax: +49-40-3088-3339
E-mail: investor-relations@hhla.de
03.02.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Deutschland
Phone: +49 (0)40-3088-1
Fax: +49 (0)40-3088-3355
E-mail: info@hhla.de
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Indices: MDAX
Listed: Regulierter Markt in Frankfurt, Hamburg; Freiverkehr in
Berlin, München, Hannover, Düsseldorf, Stuttgart
End of News DGAP News-Service
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