HHLA Achieves Growth in Revenue and Earnings

Hamburger Hafen und Logistik AG (HHLA) has reported a positive growth in revenue and earnings for January to September 2024. Group revenue increased by 8.5% to €1,182.9 million, while EBIT saw a 23.2% rise to €93.2 million. The expansion of its European network and increased storage charges at Hamburg terminals were key drivers.

Container handling slightly rose by 0.9% to 4,496 thousand TEU, and container transport surged by 8.1% to 1,321 thousand TEU. Despite a challenging global economic environment, HHLA improved its operations, particularly in its Intermodal segment, supported by subsidiaries Metrans and Roland Spedition.

The Port Logistics subgroup also reported a revenue increase to €1,155.9 million, with a notable EBIT rise of 31.8%. The Container and Intermodal segments both experienced significant revenue and volume growth, while the Real Estate subgroup faced a slight decline in revenue by 1.9%.