HHLA's Q1 2024 Performance Hit by Economic Downturn and Supply Chain Disruptions

• Hamburger Hafen und Logistik AG (HHLA) experienced a weakened economy and supply chain disruptions in Q1 2024, affecting its earnings.
• Container throughput increased by 3.3 percent to 1,464 thousand TEU, while container transport decreased by 5.5 percent to 386 thousand TEU.
• Group revenue slightly decreased by 0.3 percent to €363.6 million, and the Group operating result (EBIT) decreased by 23.9 percent to €17.4 million.
• The company's profit after tax and minority interests was €-1.1 million, compared to €2.8 million in the previous year.
• The Port Logistics subgroup recorded a slight decrease in revenue to €354.9 million, and the operating result (EBIT) decreased by 25.6 percent to €13.7 million.
• The Intermodal segment saw a significant decrease in volumes, with container transport decreasing by 5.5 percent to 386 thousand TEU.

The next important date, Publication of quarterly financial report (as of Q1), at Hamburger Hafen und Logistik is on 15.05.2024.

The price of Hamburger Hafen und Logistik at the time of the news was 16,770EUR and did not change compared to the previous day.
19 minutes after the article was published, the price was 16,750EUR this corresponds to a minus of -0,12 % since publication.

Hamburger Hafen und Logistik

-0,11 %

+2,23 %

+3,82 %

+4,19 %

+41,73 %

-18,74 %

-20,65 %

-5,39 %

-68,67 %

ISIN:DE000A0S8488WKN:A0S848

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