Intermodal Segment
in € million |
1–3 | 2017 |
1–3 | 2016 |
Change |
|||
Revenue |
101.7 |
92.6 |
9.8 % |
|||
EBITDA |
22.4 |
22.0 |
1.7 % |
|||
EBITDA margin in % |
22.0 |
23.8 |
- 1.8 pp |
|||
EBIT |
16.5 |
16.3 |
1.5 % |
|||
EBIT margin in % |
16.2 |
17.6 |
- 1.4 pp |
|||
Container transport in thousand TEU |
370 |
341 |
8.4 % |
In the first quarter of 2017, HHLA’s transport companies achieved strong growth in the highly competitive market for container traffic in the hinterland of major seaports. Transport volumes rose by 8.4 % to 370 thousand standard containers (TEU), compared with 341 thousand TEU in the same period last year. In the reporting period, this trend was driven by growth in both rail and road transport. After a strong prior-year quarter, rail transportation rose by a further 7.1 % to 283 thousand TEU (previous year: 264 thousand TEU). Road transport also developed very positively with growth of 12.8 % to 87 thousand TEU (previous year: 77 thousand TEU) as a result of strong freight volumes in the greater Hamburg area.
Revenue outperformed transport volumes, rising by 9.8 % to € 101.7 million (previous year: € 92.6 million). The slight decline in rail’s share of HHLA’s total intermodal transportation from 77.5 % to 76.6 % was slightly more than offset by longer transport distances in rail transport.
The operating result (EBIT) increased year-on-year to € 16.5 million (previous year: € 16.3 million), well short of volume and revenue growth. In addition to the increased cost of materials for cyclical maintenance work, compared with the previous year, this was due in particular to an uneven mix between import and export volumes as well as changes in the route mix.