Hamburg's HHLA profit up 17.9pc to US$28.1 million as revenue rises 3.1pc
PRINCIPAL Hamburg port operator Hamburger Hafen und Logistik (HHLA) 2018 operating profit increased 17
PRINCIPAL Hamburg port operator Hamburger Hafen und Logistik (HHLA) 2018 operating profit increased 17.9 per cent year on year to EUR25 million (US$28.1 million) drawn on revenues of EUR1.29 billion, up 3.1 per cent.
'The strong result underlines that our strategy is paying off. We further strengthened HHLA's solid foundation,' said HHLA chairwoman Angela Titzrath.
Contributions came from all the segments and from the terminal operator HHLA TK Estonia, which has been successfully integrated into the HHLA group.
'A solid foundation is important. But on its own, it is not enough to generate further growth. We will therefore continue to implement our strategy of strengthening the creative power and future viability of HHLA,' said Ms Titzrath.
She said this would involve continuous investment in the quality and profitability, as well as the identification and development of new growth areas, particularly in the digital space.