HHLA Raises Financial Forecast for 2024 Amid Global Challenges

Hamburger Hafen und Logistik AG (HHLA) has increased its financial forecast for 2024. The company expects a slight increase in container throughput and a strong rise in container transport for its Port Logistics subgroup, despite global economic challenges and geopolitical tensions.

In the first nine months of 2024, HHLA saw a positive business performance, driven by increased transport volumes and a robust financial showing in its Port Logistics subgroup. Revenues are expected to increase significantly, mainly due to higher rail transport earnings.

Operating results (EBIT) are forecasted between €125 million and €145 million, up from a previous estimate of €85 million to €115 million. However, capital expenditures will be at the lower end of the anticipated range due to delays in certain investment projects.

The Real Estate subgroup is expected to maintain last year’s revenue and EBIT levels. Despite raising expectations, HHLA acknowledges the outlook remains uncertain due to ongoing volatility.