HHLA continues suffering from falling container handling volume. The number of TEUs handled at the port was down by 12% to just above 5m in 9M 15 whereas those transported to the hinterland were up by 2.4% to just below 1m. All combined and as handling fees continued rising, this has resulted in a consolidated revenue fall of 4.2% to €869m and an EBITDA drop by 2.4% to €214m. The Container and Intermodal divisions saw their net earnings (i.e. after minorities and excluding property
12 Nov 2015
Falling volumes, sales and profits
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Falling volumes, sales and profits
Hamburger Hafen und Logistik AG (HHFA:WBO) | 0 0 8.5% | Mkt Cap: 1,486m
- Published:
12 Nov 2015 -
Author:
Hans-Peter Wodniok -
Pages:
2
HHLA continues suffering from falling container handling volume. The number of TEUs handled at the port was down by 12% to just above 5m in 9M 15 whereas those transported to the hinterland were up by 2.4% to just below 1m. All combined and as handling fees continued rising, this has resulted in a consolidated revenue fall of 4.2% to €869m and an EBITDA drop by 2.4% to €214m. The Container and Intermodal divisions saw their net earnings (i.e. after minorities and excluding property