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HHLA achieves targets for 2019

According to preliminary unaudited figures, Hamburger Hafen und Logistik AG (HHLA) increased its Group revenue by 6.8% to €1.38 (US$1.5) billion in the 2019 financial year, compared to the previous year's €1.29 (US$1.4) billion.

The Group’s operating result (EBIT) of €222 (US$241.03) million increased 8.8%, on the previous year's €204 (US$221.47) million.

The listed Port Logistics subgroup generated revenue of €1.35 (US$1.46) billion, compared to €1.26 (US$1.37) billion in the preceding year. and an operating result (EBIT) of €205 (US$222.6) million as opposed to €188 (US$1.37) million the previous year.

In total, 7.6 million TEU were handled at HHLA’s container terminals in the 2019 financial year. This is 3.3% more than in the previous year, 7.3 million TEU. Container throughput at the three container terminals in Hamburg slightly exceeded the 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.

With a transport volumes 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%. This result was driven by both rail and road transport.

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