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Investing.com -- German transport and logistics firm, Hamburger Hafen und Logistik (HHFA), anticipates a rise in revenue and earnings for this year, driven by an uptick in container transport and demand for port services.
The company’s Chief Executive, Angela Titzrath, expressed optimism for the company’s performance up until 2025, emphasizing the importance of strategic consistency during uncertain times.
Despite facing global challenges such as a weak German economy, Middle Eastern conflict, and the Ukraine war, HHLA managed to increase its revenue and earnings in 2024. This was primarily due to the expansion of its European network.
The group saw a 23% increase in earnings before interest and tax (EBIT), reaching 134.3 million euros ($144.9 million) in 2024. During the same period, the company’s revenue increased by 10%, hitting 1.6 billion euros.
In 2024, the company had projected an EBIT between 125 million and 145 million euros. Looking ahead to 2025, HHLA now anticipates strong revenue growth and an EBIT ranging between 195 million and 235 million euros. It is expected that between 180 million and 220 million euros of this will be generated by its port logistics unit, which includes the container, intermodal, and logistics businesses.
However, HHLA’s real estate unit, which is involved in the development, design, and leasing of buildings such as warehouses and commercial sites in Hamburg, is projected to see a significant decrease in earnings this year. This is a notable shift from the 16.1 million euros reported by the unit in 2024.
In addition to its financial projections, HHLA has proposed a full-year dividend of 16 European cents for 2025, which is a significant increase from the 8 cents offered a year earlier.
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