As a result of continuously weak container handling volumes, HHLA reduces its full-year profit guidance to a level that we expected when we last changed our projections a couple of weeks ago. Instead of expecting unchanged operating earnings of around €169m for 2015, management now sees EBIT falling to around €150m (we are as low as €143m).
Consequently, we will not amend our projections further and the opinion remains positive now that the shares have fallen by some 30% since May this year.
06 Oct 2015
Management reduces 2015 EBIT guidance
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Management reduces 2015 EBIT guidance
Hamburger Hafen und Logistik AG (HHFA:WBO) | 0 0 8.5% | Mkt Cap: 1,486m
- Published:
06 Oct 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
As a result of continuously weak container handling volumes, HHLA reduces its full-year profit guidance to a level that we expected when we last changed our projections a couple of weeks ago. Instead of expecting unchanged operating earnings of around €169m for 2015, management now sees EBIT falling to around €150m (we are as low as €143m).
Consequently, we will not amend our projections further and the opinion remains positive now that the shares have fallen by some 30% since May this year.