2.6 C
London
Wednesday, February 26, 2020
Home News HHLA achieves targets for 2019

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.

- Advertisment -your ad here

Latest Posts

CMA CGM applies another PSS from Mauritania

CMA CGM has announced another peak season surcharge application from Mauritania, from 1 March 2020, date of loading (except USA/Canada/Brazil trades: 23 March 2020)...

Hapag-Lloyd applies surcharges from Mundra

Effective as of 3 March 2020 (Gate In date), Hapag-Lloyd will apply a Peak Season Surcharge (PSS) for all cargoes from Mundra to Arabian...

APL announces Asia – Indian Sub void sailings

APL announces the following void sailing on its Asia-Indian Subcontinent services to ensure balance between supply and demand in March: Service Vessel Voyage First Port ETA Port Rotation AS1 Asia Subcontinent...

Minimal sale and purchase activity a reflection of depressed market

Macroeconomic indicators remain depressed with the International Monetary Fund revising its China GDP growth downwards by 0.4% to 5.6% for 2020 as a result...

The Daily MABUX Bunker Index – 25 February

While Coronavirus is continuing to challenge shipping worldwide, it is having an effect on global and regional indices for fuel prices that are significantly...