Hamburger Hafen und Logistik AG
Hamburger Hafen und Logistik AG: HHLA raises expectations for financial year 2024
Hamburger Hafen und Logistik AG / Key word(s): Change in Forecast Hamburg, 30. Oktober 2024
Hamburger Hafen und Logistik Aktiengesellschaft HHLA raises expectations for financial year 2024 Based on the preliminary and unaudited figures for the first nine months, Hamburger Hafen und Logistik AG (HHLA) is raising its forecast for the current financial year. Despite the global challenges such as the economic weakness in Germany, the military conflict in the Middle East with its impact on shipping routes and the war in Ukraine, HHLA recorded a positive business performance in the first nine months of 2024. In particular, this was due to the strong increase in transport volumes and an overall strong revenue and earnings performance in the third quarter in the Port Logistics subgroup. Against this background, a slight year-on-year increase in container throughput is now expected for the Port Logistics subgroup (previously: moderate increase) for the financial year 2024, while a significant increase is still expected in container transport. A strong increase in revenue is now anticipated (previously: significant increase). This is mainly due to the increase in revenue from rail transport. Against the backdrop of a higher revenue level resulting from temporarily longer container dwell times at the Hamburg terminals, the expectation for the operating result (EBIT) has also been raised and are now within a range between € 110 million and € 130 million (previously: € 70 million and € 100 million). Within this range, a strong year-on-year increase is expected for both the Container and the Intermodal segments in their respective segment EBIT results. For the Real Estate subgroup, revenue and operating result (EBIT) are still expected to remain at the previous year’s level. Overall, a significant increase in revenue is still forecast at Group level. Against the background of the effects described above, the operating result (EBIT) is now expected to be within a range between € 125 million and € 145 million (previously: between € 85 million and € 115 million). As result of delays in the implementation of investment projects, particularly in the Real Estate subgroup and the intermodal segment, which are mainly due to exogenous factors, capital expenditures at Group level are now expected to be at the lower end of the range between € 325 million to € 375 million (previously: € 400 million and € 450 million). The Port Logistics subgroup will account for most of this amount, representing a range between € 300 million and € 350 million (previously: € 360 million and € 410 million). In view of the ongoing volatile environment, the outlook continues to be subject to considerable uncertainties. HHLA will publish complete figures for January to September 2024 on Thursday, 14 November 2024, at 7.30 a.m. EBIT is defined as earnings before interest and taxes. For more detailed information, please click here. Contact: Julia Hartmann Head of Investor Relations HAMBURGER HAFEN UND LOGISTIK AG Bei St. Annen 1, D-20457 Hamburg, www.hhla.de Tel: +49-40-3088-3397 Fax: +49-40-3088-55-3397 E-mail: investor-relations@hhla.de End of Inside Information
30-Oct-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Hamburger Hafen und Logistik AG |
Bei St. Annen 1 | |
20457 Hamburg | |
Germany | |
Phone: | +49 (0)40-3088-0 |
Fax: | +49 (0)40-3088-3355 |
E-mail: | info@hhla.de |
Internet: | www.hhla.de |
ISIN: | DE000A0S8488 |
WKN: | A0S848 |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2018595 |
End of Announcement | EQS News Service |