HHLA first half revenues rise 17.9pc, as box revenue increased 2.2pc

HAMBURG's big terminal operator Hamburger Hafen und Logistik (HHLA) posted a year-on-year 1.1 per cent first half revenue increase and a 17.9 per cent rise in operational profit. No dollar amounts were provided. HHLA also posted a 1.2 per cent increase in container traffic throughput to 3.6 million TEU, which was driven largely by stronger Asia traffic.

Revenue in the container area alone increased 2.2 per cent. But container transport declined 4.2 per cent, which matched pre-result projections.

Said company chairwoman Angela Titzrath: 'HHLA's positive performance in the first half of the year gives us confidence that we will achieve the targets announced for the financial year.

'HHLA has the knowledge and experience to cope with the challenges of a volatile market.

'Working closely with our customers and being a reliable partner to them, all while offering exceptionally good service and a high degree of professionalism, is a decisive factor in this regard,' she said.