The number of containers handled at the port (Container division) fell by almost 8% to 1.61m whereas the number was up by 2.4% to 0.34m in hinterland transportation (Intermodal division). As a result, consolidated revenue fell by 4% to €285m. The rates of decline were similar for EBITDA (to €70m) and EBIT (to €41m). However, pre-tax and net earnings were sharply up as net financing costs fell from almost €14m in Q1 15 to €6.5m. This is primarily the result of last yea
12 May 2016
Poor Q1 volume and revenue but very reasonable profit numbers
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Poor Q1 volume and revenue but very reasonable profit numbers
Hamburger Hafen und Logistik AG (HHFA:WBO) | 0 0 8.5% | Mkt Cap: 1,486m
- Published:
12 May 2016 -
Author:
Hans-Peter Wodniok -
Pages:
2
The number of containers handled at the port (Container division) fell by almost 8% to 1.61m whereas the number was up by 2.4% to 0.34m in hinterland transportation (Intermodal division). As a result, consolidated revenue fell by 4% to €285m. The rates of decline were similar for EBITDA (to €70m) and EBIT (to €41m). However, pre-tax and net earnings were sharply up as net financing costs fell from almost €14m in Q1 15 to €6.5m. This is primarily the result of last yea