Independent journal on economy and transport policy
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HHLA expects a sharp decline in revenues and operating profit by 2020
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The German group has made it clear that, although it is not possible reliable forecasts at the moment, however, it is possible to assume that in 2020 revenues and operating profit generated by port and port logistics activities will be significantly lower than last year's and this will be mainly determined by the predictable sharp, perhaps temporary, decline in the handling and container transport, contraction - has specified group -- which is affecting all areas economy including international trade that is HHLA. In addition, the company expects operating result of the Real Eastate division is likely to be significantly lower than in 2019.
HHLA pointed out that HHLA, based on 31 December last year and the measures taken to manage and preserve it, it should be able to fulfill all its payment commitments despite the costs associated with the effects coronavirus pandemic.
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The German group has made it clear that, although it is not possible reliable forecasts at the moment, however, it is possible to assume that in 2020 revenues and operating profit generated by port and port logistics activities will be significantly lower than last year's and this will be mainly determined by the predictable sharp, perhaps temporary, decline in the handling and container transport, contraction - has specified group -- which is affecting all areas economy including international trade that is HHLA. In addition, the company expects operating result of the Real Eastate division is likely to be significantly lower than in 2019.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
