HHLA reported a new quarter of excellent results in the container segment, with a lasting profit booster from the sea freight traffic jams. This largely compensated for the closure of CTO and the inflation of energy prices in the rail and road transport activities. FY22 guidance was confirmed (without any contribution from CTO) anticipating a normalisation of container freight in H2 22. With prices on the China-Europe route already downward trending, this looks achievable.
17 May 2022
Mixed Q1 results show first hints of deceleration
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Mixed Q1 results show first hints of deceleration
Hamburger Hafen und Logistik AG (HHFA:ETR) | 0 0 0.0%
- Published:
17 May 2022 -
Author:
Valentin Mory -
Pages:
3
HHLA reported a new quarter of excellent results in the container segment, with a lasting profit booster from the sea freight traffic jams. This largely compensated for the closure of CTO and the inflation of energy prices in the rail and road transport activities. FY22 guidance was confirmed (without any contribution from CTO) anticipating a normalisation of container freight in H2 22. With prices on the China-Europe route already downward trending, this looks achievable.