Major achievements
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Successful start: Strong rise in revenue and operating result
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Subdued environment: Despite lowered growth expectations, economists continue to forecast growth
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Driving digitalisation: Successful rollout of N4 terminal software at first terminal in Hamburg paving the way for further process improvement
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Ecological responsibility: CTA first zero-emission terminal in Europe
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Guidance confirmed: For 2019 HHLA expects a stable business development with a significant increase in operating result*
* mainly due to changes in lease accounting policy (IFRS 16)
Letter to the Shareholders
We are well aware of the fact that we are measured by our ability to live up to our performance promise. As a result, we constantly strive to achieve further improvements in our productivity, quality and reliability.
Angela TitzrathChairwoman of the Executive Board
Key Figures
Group
Revenue in € million
- 3M 2019 347.6
- 3M 2018 315.2
Profit after tax and minority interests in € million
- 3M 2019 29.4
- 3M 2018 23.7
EBIT in € million
- 3M 2019 59.7
- 3M 2018 47.9
Operating cash flow in € million
- 3M 2019 94.4
- 3M 2018 54.6
17.2 %
EBIT margin
13.8 %
ROCE
Port Logistics
Revenue in € million
- 3M 2019 339.8
- 3M 2018 307.3
Earnings per share in €
- 3M 2019 0.39
- 3M 2018 0.31
EBIT in € million
- 3M 2019 55.7
- 3M 2018 44.2
Operating cash flow in € million
- 3M 2019 89.6
- 3M 2018 50.3
16.4 %
EBIT margin
14.4 %
ROCE
Real Estate
Revenue in € million
- 3M 2019 9.8
- 3M 2018 9.4
Earnings per share in €
- 3M 2019 0.83
- 3M 2018 0.79
EBIT in € million
- 3M 2019 3.9
- 3M 2018 3.6
39.5 %
EBIT margin
HHLA Segments
Container
HHLA’s container terminals link ships, rail freight and trucks to create an efficient transport chain. The terminals in Hamburg form the most important European hub between Asia and Central/Eastern Europe. HHLA also operates a container terminal in the Ukrainian city of Odessa and Tallinn in Estonia.
Container throughput
in TEU thousand
- 3M 2019 1,865
- 3M 2018 1,824
Revenue
in € million
- 3M 2019 200.9
- 3M 2018 191.7
58 %
Share of revenue
Intermodal
HHLA’s rail companies operate a comprehensive transport and terminal network for container transportation and connect ports on the North and Baltic seas, as well as the Northern Adriatic, with their hinterland. Transshipments by truck within the Port of Hamburg round off the service portfolio.
Container transport
in TEU thousand
- 3M 2019 398
- 3M 2018 350
Revenue
in € million
- 3M 2019 123.9
- 3M 2018 101.6
36 %
Share of revenue
Logistics
In this segment, HHLA pools a wide range of port-related services such as dry bulk, vehicle and fruit logistics. The range of services includes both individual partially airborne logistics services as well as complete process chains. Additionally, HHLA markets its expertise in infrastructure and project development internationally.
Revenue in € million
- 3M 2019 14.3
- 3M 2018 12.2
4 %
Share of revenue
Real Estate
Following the sustainable renovation of Hamburg’s landmarked Speicherstadt historical warehouse district to create an exemplary redeveloped quarter, HHLA is committed to intelligent site development and preserving the city’s fishing tradition with the Hamburg-Altona fish market.
Revenue in € million
- 3M 2019 9.8
- 3M 2018 9.4
3 %
Share of revenue