HHLA’s revenue and profit development has improved in Q2 compared to Q1 if we exclude a €15m one-off restructuring charge. The group’s revenue was up marginally by 0.3% to €289m in Q2 which brought the H1 number to €574m (-1.9%). EBITDA fell by 21% to €55m in the last three months and by 12% to €126m in the first half. The sales number is higher than our projected €568m while the EBITDA number is lower as we had expected €135m. However, excluding
11 Aug 2016
One-off restructuring charge causes H1 profit setback
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One-off restructuring charge causes H1 profit setback
Hamburger Hafen und Logistik AG (HHFA:WBO) | 0 0 8.5% | Mkt Cap: 1,486m
- Published:
11 Aug 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
HHLA’s revenue and profit development has improved in Q2 compared to Q1 if we exclude a €15m one-off restructuring charge. The group’s revenue was up marginally by 0.3% to €289m in Q2 which brought the H1 number to €574m (-1.9%). EBITDA fell by 21% to €55m in the last three months and by 12% to €126m in the first half. The sales number is higher than our projected €568m while the EBITDA number is lower as we had expected €135m. However, excluding