8.3 C
Hamburg
Tuesday, June 3, 2025
Home News HHLA lowers forecast for current financial year

HHLA lowers forecast for current financial year

German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) is adjusting its forecast for the current financial year based on preliminary figures for the first half of 2023.

HHLA now expects container throughput to be at the level of 2022, while the company had previously forecasted a year-on-year moderate increase in box volumes. Additionally, HHLA said that the expected decrease in revenue for the Port Logistics subgroup became “significant” from “slight”.

Overall, a “significant” decrease in revenue is forecast at a Group level from a “moderate” one. Against the background of the changed expectations, the operating result (EBIT) will be within a range between €115 and 135 million (previously: within a range between € 160 and 190 million), said HHLA in its latest forecast.

“The ongoing war in Ukraine, geopolitical tensions, inflation and rising interest rates are weighing on consumer and industrial demand and continuing to slow down the global economic recovery after the pandemic. Several economic research institutes have recently revised their forecasts for the German economy downwards accordingly, most recently also the International Monetary Fund,” commented the operator.

In view of the aforementioned volatile environment, the outlook continues to be subject to considerable uncertainties, pointed out HHLA.





Antonis Karamalegkos
Managing Editor

Latest Posts

Berg Propulsion powers MPCC feeder vessels with bio-methanol optimization

NCL Nordland, the second of two advanced 1,300 TEU feeder vessels designed to pioneer bio-methanol usage in container shipping, has officially entered service. Sister vessel...

Mitsubishi Gas Chemical and MOL take delivery of Japan’s first dual-fuel methanol carrier

Mitsubishi Gas Chemical Company (MGC) announced the successful delivery of a state-of-the-art dual-fuel methanol carrier, chartered from Mitsui O.S.K. Lines (MOL), on a long-term...

Atlantic Forwarding, Atlantic Gate unite under one brand

Atlantic Forwarding and Atlantic Gate unite under one global brand: Atlantic Gate. This rebranding brings together the two entities under one brand. “This rebranding is...

Nuclear-powered vessels gain momentum amid climate push

As the shipping industry seeks radical solutions to meet climate goals and stabilize fuel costs, nuclear propulsion has re-emerged as a transformative force and...

Ukrainian ports face new risks after drone strikes on Russia

On June 1, 2025, Ukraine launched a large-scale, simultaneous drone strike campaign targeting multiple Russian air bases deep inside enemy territory. This marks a significant...
error: Content is protected !!