DGAP-News

Hamburger Hafen und Logistik AG: Greater Output, Increased Employment, Higher Earnings - Seite 2

programme, which enables HHLA to safeguard high-quality truck handling and
to spread truck traffic more evenly throughout the day, was continued. With
Rail Operation Management, HHLA also further increases rail processing
efficiency in Europe's biggest railway port. This primarily takes into
account that more rail throughput is handled per annum at the Hamburg HHLA
terminals than in both the Ports of Rotterdam and Antwerp together. Thus,
HHLA is efficiently linking the seaports and the Central and Eastern Europe
hinterland in a unique way. Here, the company is focusing in particular on
rail as an environmentally friendly mode of transport and extends its
maritime transport chains all the way to the Adriatic ports and into
Turkey.

"Despite a challenging environment particularly due to the further delay
in dredging the navigation channel of the river Elbe, 2014 was a successful
year for HHLA,as demonstrated by the significant increase in our operating
result, a clear rise in our container transports and the record volume of
cargo that we handled at our Hamburg container terminals. Our vertical
Group strategy puts us in a strong position and we will continue to work
intensively on improving the coordination of the logistics chain in the
future," said the Chairman of HHLA's Executive Board
Klaus-Dieter Peters at the presentation of the 2014 annual financial
statements. "We have invested in further improving our handling efficiency,
for example by creating capacity reserves at our terminals in good time and
by increasing our productivity. We made investments of more than EUR 100
million in the Intermodal segment over the past three years, investing in
additional hinterland terminals and in our own locomotives and wagons."

Revenue and Earnings Development

HHLA generated revenue of EUR 1.2 billion in the financial year 2014, up
5.4 % on the previous year. There was an even stronger increase in its
operating result (EBIT), which rose by 10.0 % to EUR 169.3 million. This
was particularly due to overseas volumes that were 4.3 % higher
year-on-year. Throughput volumes generated by Far East traffic even
increased by 7.2 %. Other drivers of growth were the greater volumes
transferred at the HHLA terminals in Hamburg to rail (+ 6.2 %) and trucks
(+ 2.1 %), and the Intermodal companies' higher transport volumes (+ 9.4
%). HHLA Container Terminal Odessa achieved a positive operating result in
spite of a 30 % drop in its throughput due to the political and economic
crisis in Ukraine and Russia. Greater value added within the Intermodal