Overview

Hamburger Hafen und Logistik AG (IBIS:HHFA) was established on 7 March 1885.Hamburger Hafen und Logistik AG (HHLA) is one of the leading port and transport 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-performance transport systems and a full range of logistics services form a complete network between the overseas port and its European hinterland. Since it was founded, HHLA has also developed and let real estate in Hamburg.1

Corporate strategy

HHLA is one of Europe’s leading port and logistics companies with activities stretching beyond the Port of Hamburg into many parts of Europe. Together with its customers, HHLA develops logistical and digital hubs for the transport flows of the future. As a result, HHLA is paving the way for sustainable growth in its enterprise value.2

Financial highlights

Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by 6.8 percent to € 1.38 billion in the 2019 financial year (previous year: € 1.29 billion). The Group’s operating result (EBIT) of € 222 million (previous year: € 204 million) grew by 8.8 percent.3

The listed Port Logistics subgroup generated revenue of € 1.35 billion (previous year: € 1.26 billion) and an operating result (EBIT) of € 205 million (previous year: € 188 million).

In total, 7.6 million standard containers (TEU) were handled at HHLA’s container terminals in the 2019 financial year. This is 3.3 percent more than in the previous year (7.3 million TEU). Container throughput at the three container terminals in Hamburg slightly exceeded the high level achieved the previous year, while throughput at the international HHLA container terminals in Odessa (Ukraine) and Tallinn (Estonia) was significantly above the previous year’s level. It should be noted that the figures for the previous year are only partly comparable as the container terminal in Tallinn was first integrated into the HHLA consolidated group at the end of the second quarter of 2018.

With a transport volume of 1.57 million TEU (previous year: 1.48 million TEU), HHLA’s Intermodal activities exceeded the previous year’s strong results by 5.7 percent. This result was driven by both rail and road transport.

Outlook

Due to the unforeseeable progress of the Corona pandemic and the currently unforeseeable resulting effects on the world economy, global trade flows and HHLA's customers, there is currently a very high degree of uncertainty. In this environment, a reliable forecast for business development in 2020 is not possible. However, on the basis of current knowledge and taking into account a weak start to the year compared with the previous year, HHLA assumes in its forecast for the financial year 2020 that revenues and operating result (EBIT) will strongly fall below the figures achieved in the previous year. This is primarily due to the possible temporarily sharp declines in container throughput and transport. The exact extent to which the previous year's results will not be achieved cannot be reliably estimated at present.4

References

  1. ^ https://hhla.de/en/investors/equity-story/investment-highlights
  2. ^ https://hhla.de/en/investors/equity-story/strategy
  3. ^ https://hhla.de/en/investors/releases/financial-disclosures/detail-view/preliminary-figures-2019-hhla-achieves-targets-for-the-year
  4. ^ https://hhla.de/en/investors/releases/financial-disclosures/detail-view/ad-hoc-strong-impact-of-corona-virus-expected-on-revenues-and-earnings
Tags: EU:HHFA
Created by Asif F on 2020/03/23 14:47
     
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