The Hamburg terminal operator HHLA has raised its earnings forecast.
Despite the ongoing economic weakness in Germany, the military conflict in the Middle East and the war in Ukraine, HHLA recorded positive business development in the first nine months of 2024.
Instead of a “moderate” increase in container throughput compared to the previous year, a “slight” increase is now expected. The volume of container transport, i.e. at the rail subsidiary Metrans, will increase even more.
HHLA with more turnover
As a result, a “strong increase” in revenue is expected for the Port Logistics subgroup. The operating result (EBIT) is now in the range of €110 to 130m (previously: in the range of €70 to 100m).
At Group level, the operating result could be in the range of €125 to 145m (previously: €85 to 115m).
Investments at the lower end of the range of €325 to 375m are planned due to the postponement of some projects (previously: €400 to 450m). The Port Logistics subgroup accounts for the lion’s share of this, at €300 to 350m (previously: €360 to 410m).
HHLA will publish its full financial figures for January to September 2024 on Thursday, 14 November 2024, at 7:30 a.m.
In future, half of the terminal operator will be owned by the city and half by the container shipping company MSC.
