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HHLA: 1,796k TEUs handled by the company's sea terminals in Q1 2020 (-3.7% yoy)

May 21, 2020

A total of 1,652k TEUs (-4.1% year-on-year) was taken care of by HHLA's three container terminals in the Port of Hamburg, while the remaining 144k TEUs (+0.1% yoy) were added by the facilities in Tallinn and Odessa.

At the same time, the company's intermodal segment contracted by 5.1% yoy to altogether 378k TEUs, out of which the rail division handled 300k TEUs (-3.3% yoy) and the road one 78k TEUs (-11.4% yoy).

Angela Titzrath, Chairwoman, HHLA's Executive Board, commented on the results, "Our expectations for the current financial year were marked by optimism; however, we are aware that external conditions for our business have been changing for some time due to a range of factors. The effects of the storms in the spring and the rapid spread of the coronavirus pandemic have nevertheless left a mark on our performance figures."

She added, "We have to adapt to a situation that we have never experienced in our company's history and that we cannot influence. 2020 will be one of the most challenging years in the history of HHLA. However, we will use our experience to find ways out of this crisis and continue to successfully develop HHLA."

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