rss icon Subscribe
desktop mobile

HHLA Reports 8.3% Growth in Revenue

Pic: © HHLA / Thies Rätzke

Shailaja A. Lakshmi

Hamburger Hafen und Logistik AG, HHLA, the company that operates three out of four of Hamburg's container terminals, continued its positive performance in the first nine months of 2019.

The total revenue was 1.04 billion euros, an increase of 8.3 percent, said the German logistics and transportation company.

The operating result (EBIT) improved strongly by € 19.3 million, or 12.4 percent, to € 175.4 million. The positive effects of the initial application of IFRS 16 in the EBIT amounted to approximately € 10.6 million.

Container throughput increased moderately due to the successful integration of the Estonian terminal operator HHLA TK Estonia, which was acquired last year, and improved slightly at the Hamburg terminals.

Angela Titzrath, Chairwoman of HHLA's Executive Board said: "As encouraging as our business trend is this year, we must still keep a realistic view of the changing conditions in which we operate. The challenges facing the entire transport and logistics industry remain significant."

Titzrath added: "We are approaching these challenges with confidence and vigour and are continuing to work towards our aim and mission of making HHLA ready for the future. This means that we will strengthen our core business and tap into new, highly promising sectors."

Nov 13, 2019

 

People & Company News

Ocean Yield Adds LR2 Tanker Trio

Image:  Ocean Yield ASA

Norwegian ship owner and operator Ocean Yield ASA has taken delivery of three long range 2 (LR2)

DNV GL and Huangpu-Wenchong Sign JDP

Photo: DNV GL

DNV GL entered into a Joint Development Project (JDP) with Huangpu-Wenchong Shipbuilding Company

Port Operator ICTSI to Double Capacity at Congo Terminal

© Mike Mareen / Adobe Stock

Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more

Ports

Jan De Nul Cuts CO2 in Dredging Work

Image: Jan De Nul Group

Jan De Nul Group, the international  dredging company, said that the maintenance dredging works in

Port Operator ICTSI to Double Capacity at Congo Terminal

Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more than double the capacity of its container terminal in Congo as part of a $100

Mega Cranes Arrive in Liverpool

Image: Peel Ports

Three ‘megamax’ quayside ship-to-shore (STS) cranes sailed up the River Mersey, destined for the

Maritime Apps