Corporate | 5 February 2015 07:30
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Hamburger Hafen und Logistik AG / Key word(s): Preliminary Results
Despite the economic crises in Ukraine and Russia and a slowdown in the growth of the global economy and global trade, Hamburger Hafen und Logistik AG (HHLA) increased its revenue and operating result in the 2014 financial year. The company achieved an operating result of EUR 169 million – up 10 percent on the previous year. Preliminary figures show that HHLA generated revenue of approximately EUR 1.2 billion, representing a rise of more than 5 percent on 2013.
According to preliminary unaudited figures, HHLA increased its Group revenue in the 2014
“Our vertical Group strategy proved to be so robust in 2014 that we were still able to generate above-average results even in a difficult operating environment, which included a further delay in the dredging of the river Elbe and the regional crises in Russia and Ukraine,” says the Chairman of HHLA’s Executive Board, Klaus-Dieter Peters. Container throughput at the three container terminals in Hamburg increased by a moderate 1.2 percent on the previous year to 7.2 million standard containers (TEU), impacted by lower feeder traffic with Russia in the second half of 2014. This rise was not enough to fully offset the drop in throughput at the Container Terminal Odessa in the Ukraine caused by the crisis in Ukraine. Throughput there fell by nearly 30 percent to almost 0.3 million TEU. Total container throughput remained on previous year’s level, at approximately 7.5 million TEU. In contrast, HHLA’s Intermodal companies’ transport volume in European seaport-hinterland traffic increased significantly by 9.4 percent to 1.3 million TEU. The strategy of using the companies’ own inland terminals in the European hinterland and own rolling stock to achieve a high level of added value mainly supported this strong growth. 1 The previous year’s figures have been restated due to revised IFRS regulations for group accounting. 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: investor-relations@hhla.de 2015-02-05 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
| 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: | info@hhla.de | |
| Internet: | www.hhla.de | |
| ISIN: | DE000A0S8488 | |
| WKN: | A0S848 | |
| Indices: | SDAX | |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard), Hamburg; Freiverkehr in Berlin, Düsseldorf, Hannover, München, Stuttgart | |
| End of News | DGAP News-Service |
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| 319677 2015-02-05 |