{"id":62109,"date":"2023-07-28T19:04:44","date_gmt":"2023-07-28T17:04:44","guid":{"rendered":"https:\/\/blog.brand-architecture.at\/2023\/07\/28\/hhla-lowers-annual-forecast-by-over-25-percent\/"},"modified":"2023-07-28T19:04:44","modified_gmt":"2023-07-28T17:04:44","slug":"hhla-lowers-annual-forecast-by-over-25-percent","status":"publish","type":"post","link":"https:\/\/loginfo24.com\/en\/2023\/07\/28\/hhla-lowers-annual-forecast-by-over-25-percent\/","title":{"rendered":"HHLA Lowers Annual Forecast by Over 25 Percent"},"content":{"rendered":"<h5>The Hamburger Hafen und Logistik AG (HHLA) is adjusting its annual forecast for the current financial year based on the preliminary business figures for the first six months. The ongoing war in Ukraine, geopolitical tensions, inflation, and rising interest rates are putting pressure on consumer and industrial demand, further slowing the global economic recovery after the pandemic.<\/h5>\n<p>(Hamburg) Several economic research institutes have recently revised their forecasts for the German economic development downwards, including the International Monetary Fund. The business development of HHLA reflects this sentiment. The significant decline in volume due to economic conditions recorded in the first quarter of 2023 has continued in the second quarter of the current year.<\/p>\n<p>In light of this development, the port logistics division now expects a significant decline in container throughput compared to the previous year (previously: slight increase) as well as container transport at the level of 2022 (previously: moderate increase compared to the previous year). Revenue is now expected to see a significant decline (previously: slight increase). This development is attributed to a volume-related strong decline (previously: moderate decline) in revenues in the container segment, which cannot be compensated by a significant increase (previously: strong increase) in revenues in the intermodal segment. The expectation for operating profit (EBIT) has been adjusted accordingly and now lies in the range of \u20ac100 to \u20ac120 million (previously: in the range of \u20ac145 to \u20ac175 million). Within this range, a strong decline in the container segment and a slight decline (previously: moderate increase) in the intermodal segment EBIT compared to the previous year are still assumed.<\/p>\n<p>For the real estate division, revenue development is still expected to be at the level of the previous year, along with a significant decline in operating profit (EBIT). Overall, a significant decline (previously: moderate increase) in revenues is expected at the group level. The operating profit (EBIT) will be in the range of \u20ac115 to \u20ac135 million, given the changed assumptions (previously approximately \u20ac160 to \u20ac190 million).<\/p>\n<h5>Complete Business Figures on August 15<\/h5>\n<p>In light of the previously mentioned volatile environmental conditions, the outlook remains fraught with significant uncertainties. HHLA will publish the complete annual figures for January to June 2023 on Tuesday, August 15, 2023, at 7:30 AM. EBIT is defined as earnings before interest and taxes. Detailed information: <strong><a href=\"https:\/\/hhla.de\/investoren\/service\/glossar\/finanzbegriffe\" target=\"_blank\" rel=\"noopener\">here<\/a><\/strong><\/p>\n<p>Photo: \u00a9 HHLA\/Thies R\u00e4tzke \/ <em><strong>Image Caption:<\/strong> Significant decline in container throughput expected. Here is the HHLA Terminal Altenwerder in the Port of Hamburg<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hamburger Hafen und Logistik AG (HHLA) is adjusting its annual forecast for the current financial year based on the preliminary business figures for the first<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":0,"featured_media":7827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1665,1557,1560,1561,1559],"tags":[],"class_list":["post-62109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-categories","category-forwarding-logistics","category-intralogistics","category-regions","category-shipping-ports"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HHLA Lowers Annual Forecast by Over 25 Percent - 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