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Friday 20 March, 2020

Hamburger Hafen und Logistik A

Strong impact of corona virus expected on revenues and earnings

DGAP-Ad-hoc: Hamburger Hafen und Logistik AG / Key word(s): Forecast
Hamburger Hafen und Logistik AG: Strong impact of corona virus expected on revenues and earnings

20-March-2020 / 08:58 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Hamburg, 20 March 2020

Hamburger Hafen und Logistik Aktiengesellschaft Disclosure of an inside information in acc. to Article 17 of the Market Abuse Regulation

Strong impact of corona virus expected on revenues and earnings

Due to the unforeseeable progress of the Corona pandemic and the currently unforeseeable resulting effects on the world economy, global trade flows and HHLA's customers, there is currently a very high degree of uncertainty. In this environment, a reliable forecast for business development in 2020 is not possible. However, on the basis of current knowledge and taking into account a weak start to the year compared with the previous year, HHLA assumes in its forecast for the financial year 2020 that revenues and operating result (EBIT) will strongly fall below the figures achieved in the previous year. This is primarily due to the possible temporarily sharp declines in container throughput and transport. The exact extent to which the previous year's results will not be achieved cannot be reliably estimated at present.

Even taking into account the great uncertainty, the Management Board assumes, on the basis of the currently possible assessments for the financial year 2020, that HHLA's liquidity will be sufficient to meet its due payment obligations at all times, despite the pandemic-induced burdens.

EBIT is defined as earnings before interest and taxes. Detailed information can be found here.




Contact:
Stefanie Steiner
Head of Investor Relations

HAMBURGER HAFEN UND LOGISTIK AG
Bei St. Annen 1, D-20457 Hamburg, www.hhla.de

Tel: +49-40-3088-3397
Fax: +49-40-3088-55-3397
E-mail: [email protected]

20-March-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Hamburger Hafen und Logistik AG
Bei St. Annen 1
20457 Hamburg
Germany
Phone: +49 (0)40-3088-0
Fax: +49 (0)40-3088-3355
E-mail: [email protected]
Internet: www.hhla.de
ISIN: DE000A0S8488
WKN: A0S848
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1002645

 
End of Announcement DGAP News Service

1002645 20-March-2020 CET/CEST

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