Intermodal segment
in € million |
2019 |
2018 |
Change |
|||
|---|---|---|---|---|---|---|
Revenue |
486.9 |
433.8 |
12.3 % |
|||
EBITDA |
139.0 |
112.7 |
23.3 % |
|||
EBITDA margin in % |
28.6 |
26.0 |
2.6 pp |
|||
EBIT |
99.2 |
89.1 |
11.3 % |
|||
EBIT margin in % |
20.4 |
20.5 |
- 0.1 pp |
|||
Container transport in thousand TEU |
1,565 |
1,480 |
5.7 % |
HHLA’s transport companies achieved significant growth in the highly competitive market for container traffic in the hinterland of major seaports. Transport volumes rose by 5.7 % to 1,565 thousand standard containers (TEU), compared to 1,480 thousand TEU in the previous year. This trend was driven by growth in both rail and road transport. Rail transportation rose year-on-year by 5.6 % to 1,234 thousand TEU (previous year: 1,168 thousand TEU). In particular, there was above-average growth in connections between the north German seaports and the Central and Eastern European hinterland. Traffic to and from Poland also increased significantly following the successful consolidation in the previous year. Despite the challenging market environment, road transport also made very good progress with year-on-year growth of 6.1 % to 331 thousand TEU (previous year: 312 thousand TEU) due to strong growth in delivery volumes.
Container transport
in thousand TEU
With growth of 12.3 % to € 486.9 million (previous year: € 433.8 million), revenue performed much better than transport volumes. While the rail share of HHLA’s total intermodal transportation was largely unchanged at 78.8 % (previous year: 78.9 %), this strong revenue growth was mainly due to price adjustments combined with a changing freight volume structure.
The operating result (EBIT) increased year-on-year to € 99.2 million (previous year: € 89.1 million). This marked increase is primarily due to the positive trend in volume and revenue. Additionally, lower route prices in Germany made it possible to further increase the capacity utilisation of train systems. The application of IFRS 16 did not have a major influence on the positive EBIT trend. At 20.4 %, the EBIT margin was on a par with the previous year (20.5 %).
HHLA continues to invest as needed in the expansion of its intermodal network. The decrease in route prices for German rail freight applied in the middle of the previous year is bolstering the development of the intermodal service portfolio. HHLA’s rail subsidiary METRANS put five of its own shunters and three new multi-system locomotives into operation during 2019. It now has more than 100 shunters and locomotives as well as a fleet of over 2,800 container wagons. The network consists of 15 terminals in the hinterland, of which five function as large hub terminals.
A port’s catchment area.
A TEU is a 20-foot standard container, used as a unit for measuring container volumes. A 20-foot standard container is 6.06 metres long, 2.44 metres wide and 2.59 metres high.
A TEU is a 20-foot standard container, used as a unit for measuring container volumes. A 20-foot standard container is 6.06 metres long, 2.44 metres wide and 2.59 metres high.
A TEU is a 20-foot standard container, used as a unit for measuring container volumes. A 20-foot standard container is 6.06 metres long, 2.44 metres wide and 2.59 metres high.
Transportation via several modes of transport (water, rail, road) combining the specific advantages of the respective carriers.
Revenue from sales or lettings and from services rendered, less sales deductions and VAT.
International financial reporting standards.
Earnings before interest and taxes.
In maritime logistics, a terminal is a facility where freight transported by various modes of transport is handled.
A terminal which bundles and distributes consignments as handling hub. HHLA’s rail companies operate hub terminals like this in Ceska Trebova, Budapest, Dunajska Streda, Poznan and Prague.