Expected Group Performance

In view of the earnings development in the Container segment in the first half-year – which exceeded expectations in the second quarter in particular – HHLA’s Executive Board has updated its earnings forecast for the Group in 2017.

The Container segment’s operating result (EBIT) is now expected to be in a range between € 85 million and € 105 million after possible one-off expenses of up to € 15 million (previous forecast: in the upper half of a range between € 75 million and € 105 million before possible one-off expenses of up to € 15 million).

Taking into account the development in segment earnings, the Executive Board forecasts an operating result (EBIT) for the Port Logistics subgroup in a range between € 135 million and € 155 million after possible one-off expenses of up to € 15 million for reorganisation of the Container segment. As the operating result for the Real Estate subgroup is still expected to be on a par with the previous year, Group EBIT is now expected to be in a range between € 150 million and € 170 million, also after possible one-off expenses of up to € 15 million for reorganisation of the Container segment.

The previous forecast for the Group EBIT was in the upper half of a range between € 140 million and € 170 million and an operating result for the the Port Logistics subgroup was expected in the upper half of a range between € 125 million and € 155 million. Both before possible one-off expenses of up to € 15 million for reorganisation of the Container segment.

All other disclosures made in the 2016 Annual Report, and more recently in the Interim Statement for the period from January to March 2017, about the expected course of business in 2017 continue to apply.