HAMBURG (dpa-AFX) - The Hamburg-based port logistics company HHLA expects stable development in the current year after a slump in profits in 2023. At Group level, a moderate increase in revenue and earnings before interest and taxes (EBIT) in the range of 85 to 115 million euros are expected, Hamburger Hafen und Logistik AG (HHLA) announced on Thursday. However, due to the uncertain further development of geopolitical tensions, the ongoing war in Ukraine and the effects of the announced realignment of the shipping companies' consortium structures, the forecast is subject to a high degree of uncertainty.

Last year, HHLA's earnings fell short of its own expectations. EBIT roughly halved to 109.4 million euros. The bottom line was a profit of 20 million euros, compared to just under 93 million euros in 2022. Shareholders are to receive a dividend of 8 cents per share, compared to 75 cents a year earlier./kf/DP/jha