on Hamburger Hafen Und Logistik AG (isin : DE000A0S8488)
HHLA Increases Revenue and Benefits from European Network Expansion
Hamburger Hafen und Logistik AG (HHLA) has reported a positive financial performance for the first half of 2024. Revenue rose by 4.6% to €760.3 million, while the operating result (EBIT) increased by 16.8% to €58.9 million. The EBIT margin also grew to 7.7% from 6.9% last year.
HHLA's container handling rose by 2.2% to 2,940 thousand TEU, and container transport increased by 1.8% to 833 thousand TEU. CEO Angela Titzrath emphasized the company's commitment to sustainable and modern logistics solutions despite ongoing economic challenges.
The Port Logistics subgroup saw a revenue increase of 4.9% to €742.5 million and a 27.5% rise in EBIT to €51.7 million. The Real Estate subgroup experienced a slight dip in revenue but maintained high occupancy rates.
Looking ahead, HHLA expects continued revenue growth, driven by strategic investments in its European network and modernization efforts.
R. E.
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