News / Weak Asian imports impact HHLA results, but Hamburg sees 'green shoots'

Photo: HHLA/Thies Rätzke

Weak Asian import container volumes into Hamburg caused further declines in the performance of its largest stevedore, HHLA, which yesterday reported a year-to-date revenue decline of 7.1% for the first nine months.

Total sales from January to September came to €1.09bn ($1.18bn), down from last year’s €1.17bn, and its EBITDA was hit even worse, suffering a 32.1% drop, to €64m, compared with €94.3m last year – representing a 6.5 basis point decline on its EBITDA margin.

The company said total throughput across ...