HHLA’s Intermodal companies prolong their growth

At the HHLA container terminals 3.6 million TEU were handled, some 12 percent more than in the first six months of last year

HHLA’s Intermodal companies prolong their growth

The intermodal companies of Hamburger Hafen und Logistik AG (HHLA) recorded significant growth in a highly competitive market. They increased their transport volume to more than 744,000 TEU (previous year: more than 694,000 TEU). This development was driven by growth in both rail and road transport, reads a press release.

Compared to the first half of 2016, rail transportation rose again by 5.9 percent to more than 568,000 TEU (previous year: approximately 537,000 TEU). Road transport also developed very positively with growth of 11.8 percent to more than 176,000 TEU (previous year: approximately 158,000 TEU) as a result of strong freight volumes in the metropolitan area of Hamburg.

Revenue in the Intermodal segment grew by 8.1 percent to EUR 206.2 million (previous year: EUR 190.8 million). The operating result (EBIT) rose compared to the same period last year to EUR 34.9 million (previous year: EUR 33.7 million).

In the first half of 2017, throughput at HHLA’s container terminals was up almost 12 percent on the first six months of the previous year at 3.6 million TEU. Throughput increased by 11.8 percent to 3.4 million TEU at the three container terminals in Hamburg (previous year: 3.1 million TEU). This growth was primarily driven by a recovery on Asian routes (+ 16.1 percent) and significant increase in feeder traffic with the Baltic Sea ports (+ 22.4 percent).

Container throughput at the terminal in Odessa also developed positively in the first half of 2017. At more than 145,000 TEU, it was approximately 10 percent higher than one year earlier (previous year: more than 132,000 TEU).

Revenue in the Container segment rose by 10.6 percent to EUR 372.3 million (previous year: EUR 336.6 million). At 25.8 percent, growth in the operating result (EBIT) outperformed the rise in volumes, taking it to EUR 68.1 million (previous year: EUR 54.2 million).