Hamburger Hafen Und Logistik AG, or HHLA, (HHULY.PK,HHULF.PK) posted first quarter profit after tax of 19.1 million euros versus 25.1 million euros a year ago.
The result of lower earnings quality and pollution from a terminal reorganization in the container segment, operating income, EBIT fell 22.6 percent year-over-year to 34.0 million euros.
Revenues were down to 286.8 million euros from 289.8 million euros in the prior-year quarter.
"We started with an unsatisfactory operating results in fiscal 2012. This was due above all a number of factors that negatively impacted earnings in the segment container. We remain confident, however, increase during the year, our operating profitability and achieve an operating profit of at least 200 million euros..," HHLA CEO Klaus-Dieter Peters said at the presentation of the interim report for January HHLA by March 2012.
For the full year 2012 HHLA aims, given the structural changes due to the realignment of its Intermodalaktivitäten and the changes in the consolidation among companies in the Fruit Logistics now has a consolidated turnover of 1.1 billion euros and an operating profit (EBIT) at the group level of at least 200 million euros.
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