Hamburger Hafen und Logistik AG posted a 6% increase in revenue to €1.25 billion (US$1.53 billion) for 2017, according to preliminary unaudited figures released by the company.
According to HHLA, the group’s EBIT also rose by 5.5% to €173 million (US$212 million).
“HHLA can look back on 2017 as an exceptionally successful financial year,” said Angela Titzrath, chairwoman of the executive board at HHLA. “The positive course of business resulted not only from the strength of the global economy and global trade. It is also due to the trust placed in us by our customers and our own endeavours that HHLA succeeded in consolidating and partly expanding its market position in the wake of the reorganization of syndicate structures. This was supported by investments in our terminal facilities as well as by intensive sales activities and customer dialogues. Our intermodal activities – the second major pillar of our business model – also made a significant contribution to the positive business development.”
The port logistics subgroup generated €1.22 billion (US$1.49 billion) in revenue and an EBIT of €156 million (US$191 million). In total, HHLA’s container terminals handled 7.2 million TEUs for the year, an increase of 8.1%. In particular, throughput at the three terminals in Hamburg rose by 8.3% to 6.9 million TEUs.
Intermodal transport volume grew by 5.2% to 1.5 million TEUs, driven by growth in both rail traffic and road transport, according to HHLA.