HHLA (Hamburg) lowered its forecast for the year 2012
Management Board of Hamburger Hafen und Logistik AG revises the expected increase in container volumes due to the economic slowdown
As a result of the economic slowdown and new scheduled of the liner shipping companies, the Management Board of Hamburger Hafen und Logistik AG (HHLA) revised its forecast for the current financial year on 24 July. According to a new estimation the management assumes container volumes to remain on the previous year’s level in 2012 as well (2011: about 7 million TEU). The previously targeted volume increase of about 5 per cent seems no longer viable from a current point of view“, the enterprise states in a press release.
Considering the reorientation of the Intermodal segment, the group still targets a total turnover of about EUR 1.1 billion. Due to the volume adjustment and losses in productivity resulting from the reorganization in the Container segment, the HHLA group is now expecting an EBIT of about EUR 170 to 190 million (previously: at least EUR 200 million). Against the background of this adjusted volume forecast, scalability of the investments is being revised.
“The degree of uncertainty regarding the expected business development remains extraordinarily high, as it is still uncertain how the economy and world trade might be affected by the public debt crisis, and the risk of a downturn has been increasing recently“, the HHLA management emphasises.
Quelle: LogEastics
Portal: www.logistik-express.com