Hamburger Hafen und Logistik AG: HHLA expands market position: Hamburger Hafen und Logistik AG (HHLA) increased its container throughput by 21 percent in the 2011 financial year. This means that HHLA grew at a much faster rate than its main competitors and succeeded in gaining market share.
Vergrößern Hamburger Hafen und Logistik AG: HHLA expands market position | Bild: © dpa

DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Preliminary Results Hamburger Hafen und Logistik AG: HHLA expands market position

07.02.2012 / 08:00

Hamburger Hafen und Logistik AG (HHLA) increased its container throughput by 21 percent in the 2011 financial year. This means that HHLA grew at a much faster rate than its main competitors and succeeded in gaining market share.

According to preliminary unaudited figures, in the 2011 financial year HHLA achieved Group revenue of approx. EUR 1,215 million (previous year: EUR 1,068 million) and an operating result (EBIT) of around EUR 205 million (previous year: EUR 193 million). HHLA's publicly listed core business, the subgroup Port Logistics, generated revenue of approx. EUR 1,190 million (previous year: EUR 1,043 million). The operating result (EBIT) rose to EUR 195 million (previous year: EUR 180 million). With these figures, HHLA fulfilled the annual forecast updated in autumn 2011. The earnings figures consider impairments mentioned before of approx. EUR 10 million. HHLA will publish its final results for the 2011 financial year along with a business forecast for 2012 on 30 March 2012.

Throughput in HHLA's Container segment rose by 21.3 percent to 7.1 million standard containers (TEU) in the past financial year. Based on the figures published to date, this means that HHLA experienced stronger volume growth than the major North Range ports (Rotterdam, Antwerp). As in 2010, the Group succeeded in gaining market share and thereby expanding its market position. The increase in container throughput was driven by double-digit percentage growth in the Far East and Eastern Europe - shipping regions which are particularly important for HHLA - along with further improvements in handling services for mega-ships offered by the company. The volume of hinterland traffic in HHLA's Intermodal segment increased by 11.3 percent to 1.9 million TEU. Ramping up its hub and shuttle services for the Czech Republic and Poland contributed substantially to this growth.

'HHLA looks back on a successful financial year 2011. Our company utilised the strong growth in Asia and Eastern Europe as well as the good economic development in Germany to improve its market position once again. Our new mega-ship berths and the expansion of our hinterland network contributed significantly towards this success,' said Klaus-Dieter Peters, HHLA's Chairman of the Executive Board.

Contact: Matthias Funk Investor Relations

HAMBURGER HAFEN UND LOGISTIK AG Bei St. Annen 1, D-20457 Hamburg, www.hhla.de

Tel: +49-40-3088-3397 Fax: +49-40-3088-553397 E-mail: investor-relations@hhla.de

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Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Germany
Phone: +49 (0)40-3088-1
Fax: +49 (0)40-3088-3355
E-mail: info@hhla.de
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hamburg;
Freiverkehr in Berlin, Düsseldorf, Hannover, München,
Stuttgart


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