28.03.2018
Hamburger Hafen und Logistik AG DE000A0S8488
DGAP-News: Hamburger Hafen und Logistik AG: Sustainable Growth Targets for 2018 Following a Successful Year in 2017
DGAP-News: Hamburger Hafen und Logistik AG / Key word(s): Final Results
Hamburger Hafen und Logistik AG: Sustainable Growth Targets for 2018
Following a Successful Year in 2017
28.03.2018 / 07:30
The issuer is solely responsible for the content of this announcement.
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HHLA Financial Year 2017
Sustainable Growth Targets for 2018 Following a Successful Year in 2017
- Revenue increases by 6.3 %, operating result (EBIT) by 5.6 %
- Dividend expected to rise by 13.6 % to EUR 0.67 per Class A share,
payout ratio of 66 %
- Marked increase in operating result forecast for 2018
- Chairwoman of the Executive Board, Angela Titzrath: will justify
customers'
confidence through high quality and productivity
Hamburger Hafen und Logistik AG (HHLA) was able to strengthen and, in some
cases, expand its market position in a challenging environment in the 2017
financial year. There was a clear improvement in key financial indicators.
The Group's revenue rose to EUR 1.25 billion as a result of increased
container throughput and container transport and successful management of
the property portfolio. The operating result (EBIT) increased by 5.6 %,
despite one-off expenses for an organisational restructuring and for the
harmonisation of existing pension schemes. Once again, the Intermodal
segment made a significant contribution to HHLA's performance.
Angela Titzrath, Chairwoman of HHLA's Executive Board: "The success of the
2017 financial year has given us the strength and momentum to continue
working to implement our ambitious growth targets. All segments played their
part in this. HHLA has solid foundations. This includes both our financial
base and our prospects for the future as the driving force behind the
digital transformation of the port. We continue to operate in a challenging
market environment that requires us to be agile, flexible and innovative.
Our growth-based corporate strategy is enabling us to meet these
requirements. Our aim is to further increase quality, productivity and
competitiveness in order to justify the confidence of our customers in
HHLA's performance. With the agreed acquisition of the Estonian port
operator Transiidikeskuse AS, we are pursuing our target of also achieving
international growth. A target also served by the takeover of the remaining
shares in Metrans."
Forecast for 2018
HHLA expects container throughput in 2018 to be on a par with the previous
year. The container transport volume is also forecast to remain comparable
to the previous year's level as Polish intermodal traffic is being realigned
as it is integrated into Metrans. At Group level, this should mean that
revenue is similar to that of the previous year.
The operating result (EBIT) at the Port Logistics subgroup is expected to
rise markedly year-on-year in 2018. Earnings will be driven largely by the
Container and Intermodal segments. The operating result (EBIT) at the Real
Estate subgroup is expected to come in at approximately EUR 15 million due
to planned, large-scale maintenance work that does not qualify for
capitalisation. A substantial increase in the operating result (EBIT) is
anticipated at Group level.
Port Logistics subgroup
As a result of increased container throughput and container transport, the
listed Port Logistics subgroup generated revenue of EUR 1.22 billion in the
2017 financial year (previous year: EUR 1.15 billion) and an operating
result (EBIT) in the amount of EUR 157 million (previous year: EUR 148
million). Lower financing costs led to a rise in net profit allocable to
Class A shareholders of 11.7 % to EUR 71.2 million.
Dividend proposal for 2017
At the Annual General Meeting on 12 June 2018, the Executive Board and
Supervisory Board
will propose a dividend of EUR 0.67 per dividend-entitled Class A share.
This would increase the
dividend by 13.6 % compared to the previous year. The payout ratio of 66 %
is once again at the upper end of the target range between 50 and 70 %.
Key Figures HHLA Group
in EUR million 2017 2016 Change
Revenue 1,251.8 1,177.7 6.3 %
EBITDA 295.8 286.4 3.3 %
EBIT 173.2 164.0 5.6 %
EBIT margin in % 13.8 13.9 - 0.1 pp
Profit after tax 105.9 105.1 0.8 %
Profit after tax and minority interests 81.1 73.0 11.0 %
Container throughput in thousand TEU 7,196 6,658 8.1 %
Container transport in thousand TEU 1,480 1,408 5.2 %
31.12.2017 31.12.2016 Change
Equity ratio in % 32.8 31.5 1.3 pp
Employees 5,581 5,528 1.0 %
Key Figures Port Logistics Subgroup1,2
in EUR million 2017 2016 Change
Revenue 1,220.3 1,146.0 6.5 %
EBITDA 274.5 265.3 3.5 %
EBIT 156.6 147.6 6.1 %
EBIT margin in % 12.8 12.9 - 0.1 pp
Profit after tax and minority interests 71.2 63.7 11.7 %
Dividend in EUR per Class A share3 0.67 0.59 13.6 %
1 Before consolidation between subgroups.
2 Class A shares
3 2017: Dividend proposal
About HHLA
Hamburger Hafen und Logistik AG (HHLA) is a leading European port and
transport logistics company. Its container hubs are the points of
intersection within a network that links ports with economic regions in
their hinterland. Its business model is based on innovative technologies and
is committed to sustainability.
Contact:
Stefanie Steiner
Head of Investor Relations
HAMBURGER HAFEN UND LOGISTIK AG
Bei St. Annen 1, D-20457 Hamburg, www.hhla.de
Tel: +49-40-3088-3397
Fax: +49-40-3088-55-3397
E-mail: [email protected]
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28.03.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Germany
Phone: +49 (0)40-3088-0
Fax: +49 (0)40-3088-3355
E-mail: [email protected]
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hanover, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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669483 28.03.2018
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