HHLA continues realignment of intermodal activities

Hamburger Hafen und Logistik AG confirms forecast for the full year 2012 and improves its intermodal activities
 
The restructuring of the Intermodal segment remains a central issue with Hamburger Hafen und Logistik AG (HHLA). Their objective is to align the intermodal companies even more closely with the demands of maritime logistics in future. Polzug therefore connected the Polish seaports to its hub terminal in Poznán in the third quarter of 2012. Metrans added an own site in Austria to its network with the acquisition of the company operating the container terminal at the Danube port of Krems. German seaports are now linked directly to the economic region of Lower Austria via Krems.
 
Apart from that Hamburger Hafen und Logistik AG (HHLA) increased its container throughput in the first nine months of 2012 by 1.9 per cent to 5.4 million standard containers. Revenue fell by 7.2 per cent to EUR 847.2 million due to the restructuring of the Intermodal segment and changes in consolidation methods. The operating result (EBIT) declined by 12.6 per cent to EUR 143.8 million. Profit after tax and minority interests was down by 2.1 per cent compared to the previous year at EUR 64 million.
 
“As we expected, the economic environment continued to deteriorate over the course of the third quarter of 2012. On the basis of our performance to date we are nevertheless able to confirm our forecast for the full year 2012,” said Klaus-Dieter Peters, Chairman of the HHLA Executive Board. “We continue to expect container throughput on par with last year and on this basis are aiming for revenue in the region of EUR 1.1 billion and an operating result in the range of EUR 170 million to EUR 190 million.”