HHLA saw the number of TEUs rising by 10% to 1.78m in the Container division and by a good 8% to 370,000 in Intermodal. These volume increases resulted in revenue having gone up by 7% to €305m and EBITDA by 6.7% to €75m. Net earnings after minorities (and excluding Property which does not belong to free-float shareholders) increased by 40% to a good €22m. All these numbers were higher than what we had anticipated.
12 May 2017
Good and better than expected Q1 numbers
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Good and better than expected Q1 numbers
Hamburger Hafen und Logistik AG (HHFA:WBO) | 0 0 8.5% | Mkt Cap: 1,486m
- Published:
12 May 2017 -
Author:
Hans-Peter Wodniok -
Pages:
2
HHLA saw the number of TEUs rising by 10% to 1.78m in the Container division and by a good 8% to 370,000 in Intermodal. These volume increases resulted in revenue having gone up by 7% to €305m and EBITDA by 6.7% to €75m. Net earnings after minorities (and excluding Property which does not belong to free-float shareholders) increased by 40% to a good €22m. All these numbers were higher than what we had anticipated.