Hamburger Hafen und Logistik AG grew its revenue by 6.3% year-on-year in 2017 to €1.25 billion (US$1.54 billion), according to results released by the container terminal operator.

HHLA achieved an operating profit of €173 million (US$213 million) for 2017, a year-on-year increase of 5.6%.

The German operator handled approximately 7.2 million TEUs at its terminals, 8.1% more than in 2016. It also transported 1.5 million TEUs, 5.2% more than in 2016.

“The success of the 2017 financial year has given us the strength and momentum to continue working to implement our ambitious growth targets,” said Angela Titzrath, chairwoman of the executive board at HHLA. “All segments played their part in this. HHLA has solid foundations. This includes both our financial base and our prospects for the future as the driving force behind the digital transformation of the port. We continue to operate in a challenging market environment that requires us to be agile, flexible and innovative. Our growth-based corporate strategy is enabling us to meet these requirements. Our aim is to further increase quality, productivity and competitiveness in order to justify the confidence of our customers in HHLA’s performance.”

Container throughput and transport volumes in 2018 are expected to be similar to 2017. While revenue is also expected to be comparable, operating profit is expected to grow in 2018, driven largely by the container and intermodal segments, according to HHLA.