Brief: Hamburger Hafen und Logistik AG: Significant Increase (Previously: Moderate Increase) In Revenue Is Forecast At Group Level

Hamburger Hafen und Logistik AG

14/08/2024 06:35

Aug 14 (Reuters) - HAMBURGER HAFEN UND LOGISTIK AG
 HHFGn.DE :
    * CONTAINER HANDLING INCREASED BY 2.2 PERCENT TO 2,940
THOUSAND
TEU
    * H1 GROUP REVENUE CAME TO EUR 760.3 MILLION (PREVIOUS YEAR:
EUR
727.1 MILLION)
    * EBIT MARGIN AMOUNTED TO 7.7 PERCENT (PREVIOUS YEAR: 6.9
PERCENT)
    * CONSOLIDATED PROFIT AFTER TAX AND MINORITY INTERESTS CAME
TO EUR
13.2 MILLION (PREVIOUS YEAR: EUR 8.2 MILLION)
    * A MODERATE YEAR-ON-YEAR INCREASE IN CONTAINER HANDLING IS
NOW
EXPECTED FOR PORT LOGISTICS SUBGROUP (PREVIOUSLY: SIGNIFICANT
INCREASE).
    * FOR PORT LOGISTICS SUBGROUP, A SIGNIFICANT YEAR-ON-YEAR
INCREASE
IN REVENUE IS EXPECTED (PREVIOUSLY: MODERATE INCREASE)
    * OPERATING RESULT (EBIT) IS STILL EXPECTED TO BE WITHIN A
RANGE
OF EUR 70 MILLION TO EUR 100 MILLION
    * WITHIN THIS RANGE, A STRONG INCREASE IS EXPECTED FOR
CONTAINER
SEGMENT (PREVIOUSLY: STRONG DECREASE)
    * IN TOTAL, A SIGNIFICANT INCREASE (PREVIOUSLY: MODERATE
INCREASE)
IN REVENUE IS FORECAST AT GROUP LEVEL
    * OPERATING RESULT (EBIT) IS STILL EXPECTED TO BE WITHIN A
RANGE
BETWEEN EUR 85 MILLION AND EUR 115 MILLION
    * CHANGE IN TIME FRAME OF GROUP'S MEDIUM-TERM AMBITIONS FOR
2025,
AS PRESENTED IN 2021
    * EBIT POTENTIAL OF EUR 400 MILLION IS NOW NOT EXPECTED TO
BE
ACHIEVED BEFORE 2027 FINANCIAL YEAR

Further company coverage:  HHFGn.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com))