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28 November 2020 The on-line newspaper devoted to the world of transports 18:35 GMT+1

May 12, 2020

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Negative quarterly economic and operating results terminalist group HHLA

Titzrath: 2020 will be one of the most difficult in the company's history

In the first quarter of this year, traffic volumes containerized by terminals and intermodal services Burger Hafen und Logistik AG (HHLA), after six consecutive quarters of growth, have shown such a decline such as the company's financial results, with revenues - for the first time in 15 consecutive quarterly periods - showed a contraction. "Our expectations for exercise - explained the group's president, Angela Titzrath - they were optimistic. However, we are aware conditions outside our business have long changed due to a number of factors: the effects of storm surges rapid spread of the coronavirus pandemic specified Titzrath -- they had an impact on our Performance. We have to adapt to a situation that we don't have never lived in the history of our company and that we can't Influence. 2020, he stressed, will be one of the years most difficult in the history of HHLA. However, we will use the our experience of finding ways out of this crisis and for continue to develop HHLA successfully."

In the first three months of 2020, HHLA's port terminals container traffic of 1.80 million teu, decrease of -3.7% over the same period last year. Year. The group's intermodal transports handled 378 thousand teu (-5.0%). In the period, HHLA's revenues totaled 335.7 million (-3.4%). EBITDA and EBIT 77.5 million euros (-21.3%) respectively 36.7 million euro (-38.6%) and after-tax profit was 17.9 million (-53.4%).

The containerized terminal segment alone generated revenue 195.6 million euros (-2.6%) EBIT of 25.8 million euro (-31.7%), while in the intermodal segment, revenues were 116.8 million euros (-5.8%) and operating profit is 17.2 million euros (-31.9%).

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