Independent journal on economy and transport policy
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Bending of the economic results of HHLA
In the first trimester of this year the harbour terminal of the German group has enlivened 1,7 million container (+4.7%)
May 15, 2012
In the first three months of the 2012 harbour terminal of the German group Hamburgers Hafen und Logistik AG (HHLA) have enlivened a traffic of the container pairs to 1.731.000 teu, with a progression of 4.7% regarding 1.654.000 teu in the first trimester last year. The advanced traffic for intermodal way towards the hinterland has been pairs to 454.000 teu (0%).
Against such increase of the traffic the group has accused vice versa a contraction of the economic performances. HHLA clearly has archived item the first trimester of this year with a profit of 9,7 million euros on revenues for 286,8 million euros, with decreases respective of 40.8% and 1.0% on the same period of 2011. EBITDA and EBIT have been attested to 64,0 million euros (- 14.7%) and 34,0 million euros (- 22.6%).
"We have recorded - the president of HHLA, Klaus-Dieter Peters has commented - an unsatisfactory beginning of financial year 2012 in terms of operating result. This is caused mainly by a series of factors that have limited the results in the segment Container. We remain however optimistic to increase the operating result in the course of the year and to reach an operating result at least 200 million euros (in 2011 has been of 207 million euros, ndr). The reorganization of our intermodal activities will supply a meaningful contribution". For entire the 2012 German group it previews to total revenues pairs to 1,1 billion euros regarding 1,2 billion in 2011.
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