Intermodal Segment
in € million |
1–3 | 2018 |
1–3 | 2017 |
Change |
|||
Revenue |
101.6 |
101.7 |
- 0.1 % |
|||
EBITDA |
25.1 |
22.4 |
12.2 % |
|||
EBITDA margin in % |
24.8 |
22.0 |
2.8 pp |
|||
EBIT |
18.7 |
16.5 |
13.4 % |
|||
EBIT margin in % |
18.4 |
16.2 |
2.2 pp |
|||
Container transport in thousand TEU |
350 |
370 |
- 5.3 % |
The scheduled realignment of Polish traffic resulted in a temporary decline in the transport performance in the first quarter of 2018. Container transport decreased by 5.3 % to 350 thousand standard containers (TEU) (previous year: 370 thousand TEU) in the period under review.
The decline concerned both rail and road transport. Compared with the strong first quarter of 2017, rail transport was down 4.5 % to 270 thousand TEU (previous year: 283 thousand TEU). Due to a significant decrease in freight volume in the greater Hamburg area, road transport fell by 7.8 % year-on-year to 80 thousand TEU (previous year: 87 thousand TEU).
At € 101.6 million, revenue was down 0.1 % against the prior-year figure (previous year: € 101.7 million), but performed much better than transport volume. This stable revenue trend resulted from a slight increase in rail’s share of HHLA’s total intermodal transportation from 76.6 % to 77.2 %, in combination with longer transport distances.
The operating result (EBIT) increased year-on-year to € 18.7 million (previous year: € 16.5 million). In addition to a decrease in the cost of materials, this trend was due in particular to a stable relationship between import and export volumes and changes in the route mix. The terminal in Budapest, which started operations in mid-2017, also had a positive impact on the efficiency of HHLA’s intermodal network. The EBIT margin rose by 2.2 percentage points to 18.4 % (previous year: 16.2 %).
During the period under review, HHLA acquired the remaining shares in the Metrans Group from its management and is now the sole owner of METRANS a.s.