DGAP-Ad-hoc: Hamburger Hafen und Logistik AG / Key word(s): Preliminary Results Hamburger Hafen und Logistik AG: HHLA achieves positive result in 2020 despite provision for efficiency programme 10-Feb-2021 / 11:57 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. =---------------------------------------------------------------------------------------------------------------------- Hamburg, 10 February 2021 Hamburger Hafen und Logistik Aktiengesellschaft Disclosure of an inside information in acc. to Article 17 of the Market Abuse Regulation HHLA achieves positive result in 2020 despite provision for efficiency programme According to preliminary unaudited figures, Hamburger Hafen und Logistik AG (HHLA) achieved a positive Group operating result (EBIT) of approximately EUR 123 million in the 2020 financial year (previous year: EUR 221 million). First of all, the operating result was affected by restrictions on business due to the efforts to combat the coronavirus pandemic. Additionally, a provision of approximately EUR 43 million was set aside in the fourth quarter of 2020. The provision is associated with the implementation of restructuring as part of an efficiency programme in the Container segment. Without accounting for this provision, the Group EBIT would be approximately EUR 166 million. In the past financial year, Group revenue amounted to approximately EUR 1.30 billion (previous year: EUR 1.38 billion). In the listed Port Logistics subgroup, revenue in the past financial year amounted to EUR 1.27 billion (previous year: EUR 1.35 billion). Taking into account the aforementioned provision, the subgroup generated an operating result (EBIT) of approximately EUR 110 million (previous year: EUR 204 million). Adjusted for the provision, the EBIT amounts to approximately EUR 153 million. The marked decrease in EBIT by 46.1 percent, or 24.9 percent prior to the provision, is largely due to decreases in volume as a result of the pandemic and changes in the market share. Thus, throughput volume in the Container segment decreased by 10.6 percent to 6,776 thousand standard containers (TEU) (previous year: 7,577 thousand TEU). Container transport in the Intermodal segment was slightly down on the previous year at 1,536 thousand TEU (previous year: 1,565 thousand TEU). The Executive Board intends to propose a dividend to the Supervisory Board and Annual General Meeting of 50 to 70 percent of the result for the Port Logistics subgroup based on the previously communicated payout ratio. HHLA will publish complete figures for the 2020 financial year and a business forecast for the current financial year at 7.30 a.m. on Thursday, 25 March 2021. EBIT is defined as earnings before interest and taxes. For more detailed information, please click here. Contact: Julia Hartmann 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: investor-relations@hhla.de =---------------------------------------------------------------------------------------------------------------------- 10-Feb-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de =---------------------------------------------------------------------------------------------------------------------- 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: info@hhla.de 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 EQS News ID: 1166714 End of Announcement DGAP News Service =------------
1166714 10-Feb-2021 CET/CEST
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February 10, 2021 05:59 ET (10:59 GMT)