logo
Plus   Neg
Share
Email

HHLA Q1 Net Profit Down, EBIT Rises; Confirms FY18 View - Quick Facts

Hamburger Hafen und Logistik AG (HHULF.PK,HHULY.PK) or HHLA reported Tuesday that its first-quarter profit after tax and minority interests fell 2.8% to 23.7 million euros from last year's 24.4 million euros.

Operating result or EBIT grew 5.9% to 47.9 million euros, and EBITDA grew 3.6 percent to 77.8 million euros.

EBIT margin grew 0.4 percentage points to 15.2 percent and EBITDA margin went up 0.1 points to 24.7 percent.

Revenue increased 3.3 percent to 315.2 million euros from 305.1 million euros a year ago.

Both subgroups, the listed Port Logistics subgroup and the Real Estate subgroup, contributed to the good start this year, the company noted. A 2.6 % increase in container handling was recorded, while container transport declined by 5.3 % due to the realignment of Polzug's activities. Revenue in the Port Logistics subgroup was up 3.3 %.

Looking ahead, HHLA confirmed its target for the current financial year of at least keeping revenue stable on par with the high level of the previous year and achieving considerably higher EBIT in the Port Logistics subgroup and at Group level.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Zynga Inc. (ZNGA), a social game developer, Tuesday said it has inked a multi-year deal with Disney to develop and publish a new "Star Wars" mobile game. Shares of Zynga is currently up nearly 8 percent, following the news. As a part of the agreement, Zynga will also assume operation of the live service... Furniture maker La-Z-Boy Inc. (LZB), Tuesday reported a profit and revenues for the first quarter that trounced Wall Street estimates, sending its shares surgtin about 20 percent in after-hours trade. Monroe, Michigan-based La-Z-Boy's first-quarter profit rose to $18.3 million or $0.39 per share from... Shares of Keysight Technologies Inc. (KEYS) are up 12 percent on extended session on Tuesday after the company's earnings and revenues for the third quarter trumped Wall Street expectations and outlook for the current quarter also exceeded estimates. Santa Rosa, California-based Keysight Technologies...
Follow RTT