Latest news with #HHLA
Observer
17-04-2025
- Business
- Observer
Major firms join Oman-Europe Liquid H2 Corridor project
MUSCAT: Leading European businesses, notably Tata Steel Nederland, Hamburger Hafen und Logistik AG (HHLA), Port of Duisburg, and Hynetwork are among a conglomerate of companies that are now part of a historic bid to establish the world's first Liquid Hydrogen Corridor linking Oman and Europe. A Joint Development Agreement (JDA) signed earlier this week in conjunction with the state visit of His Majesty Sultan Haitham bin Tarik to The Netherlands, saw a total of 11 organisations committing to working collaboratively to enable the transportation of Omani green hydrogen to markets in the Europe. Representing Oman in the consortium are Hydrom (Oman's national green hydrogen orchestrator), OQ (Oman's global integrated energy group), and Port of Duqm Company. Together with their European partners, they will be leveraging their respective strengths in rolling out a supply chain encompassing the liquefaction, transport, storage, and distribution of liquid hydrogen. Tata Steel Nederland, one of Europe's largest steel producers, has signed up to secure its green hydrogen requirements when it begins a transition to low-carbon steel production starting by 2030. Hans van den Berg - CEO Tata Steel Nederland, commented: "In our role as a large potential buyer, we can contribute to the development of a sustainable economy based on green hydrogen in our region. In this way, we not only make our own production process more sustainable, but we also help to build a new ecosystem together with other companies." Hamburger Hafen und Logistik AG (HHLA), a leading operator of seaport terminals and transport hubs in Europe, says it will leverage the Europe-wide intermodal network of its rail subsidiary Metrans to ensure the efficient onward distribution of hydrogen. "For HHLA, hydrogen is an important element of the journey towards climate neutrality by 2040," emphasised Annette Walter, Chief Financial Officer of HHLA. "Liquid hydrogen plays a key role here, as it can be transported independently of pipelines - which is ideal for mobility and logistics, the aviation industry, and small and medium-sized industrial and chemical companies. With our European logistics network, we want to efficiently transport hydrogen from the import ports to end consumers in Germany and Europe." Also set to play a key role is Hynetwork, a wholly owned subsidiary of Dutch gas transportation company Gasunie. Hynetwork is currently building a 1,200km Dutch hydrogen network of hydrogen pipelines to connect industrial sites to each other, to foreign countries and to import and storage sites. 'In addition to the construction of the national hydrogen network, we are actively working on the infrastructure for the large-scale transport and storage of hydrogen, so that the hydrogen can be transported from the Netherlands to the industrial regions in the hinterland,' said Hynetwork in a post. Linking the proposed Liquid Corridor to Germany is the Port of Duisburg (Duisport), also a signatory to the landmark JDA. 'As the largest inland port in the world, Duisport plays an important role in the energy transition: this agreement reaffirms the port's position as a central hub for the industrial supply of green hydrogen,' the Port authority said in a post. Alexander Garbar, Head of Corporate Development at Duisport, stated: "We are bringing green hydrogen to where it is needed – to the industrial centres of NRW. Together with Hydrom, ECOLOG, the Port of Amsterdam and other partners, we are creating the infrastructure for a reliable, international supply chain.' Other signatories of the JDA are Port of Amsterdam, ECOLOG, EnBW and Advanced Methanol Amsterdam. All 11 partners are targeting the flow of Omani liquid green hydrogen to Europe by 2030.
Yahoo
28-03-2025
- Business
- Yahoo
Hamburger Hafen und Logistik AG (XTER:HHFA) Full Year 2024 Earnings Call Highlights: Resilient ...
Container Throughput: Increased by 0.9% to 5.9 million TEU in 2024. International Container Terminals Throughput: Increased by 23.1% to 284,000 TEU. Segment Revenue: Increased by 9.9% to EUR773.3 million. EBIT: Rose by 66.6% to EUR78.7 million. EBIT Margin: Increased by 3.5 percentage points to 10.2%. Intermodal Segment Revenue: Increased by 14.6% to EUR711.3 million. Intermodal Segment EBIT: Increased by 14.8% to EUR83.7 million. Logistics Segment Revenue: Increased by 7% to EUR83.7 million. Cash Flow from Operating Activities: EUR179.9 million. Investing Activities Net Cash Outflow: EUR280.8 million. Free Cash Flow: Negative EUR100.9 million. Cash Flow from Financing Activities: EUR156.3 million. Available Liquidity: EUR250 million at the end of December 2024. Proposed Dividend: EUR0.16 per Class A share for 2024. Warning! GuruFocus has detected 6 Warning Signs with XTER:HHFA. Release Date: March 26, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hamburger Hafen und Logistik AG (XTER:HHFA) demonstrated resilience and flexibility in a challenging global economic environment, strengthening its position as a leading European logistics network provider. The company increased container throughput and transport, driven by the strengthening of its rail subsidiary Metrans and the acquisition of a majority stake in Roland Spedition. Significant revenue growth was recorded in the Port Logistics subgroup, with a 9.9% year-on-year increase to EUR773.3 million, mainly due to longer dwell times and increased storage fees. The transition to automated container transport is progressing well, with new remote-controlled container gantry cranes and hydrogen-powered terminal vehicles being tested. HHLA's sustainability efforts are making good progress, with a significant portion of rail transport being climate-neutral and ongoing modernization efforts at container terminals. The company faced challenges due to geopolitical tensions, including the war in Ukraine, which directly affected operations with a missile attack on the Odesa terminal. Higher personnel expenses, increased energy costs, and additional expenses for purchase services led to a 5.9% decline in EBIT costs compared to the previous year. The logistics segment reported a negative operating result, with vehicle logistics revenue decreasing significantly. Free cash flow for the Port Logistics subgroup was negative at minus EUR100.9 million, largely due to investments in large-scale equipment and rolling stock. Despite a robust liquidity position, the company faced increased trade receivables and other assets, impacting cash flow from operating activities. Q: Can you provide an overview of the challenges HHLA faced in 2024 and how the company responded to them? A: Angela Titzrath, CEO, highlighted that 2024 was marked by geopolitical tensions, including the war in Ukraine and economic slowdowns in China, which created a volatile market environment. Despite these challenges, HHLA demonstrated resilience by increasing container throughput and transport, supported by strategic investments and modernization efforts. Q: How did the Container segment perform in 2024, and what were the key drivers? A: Annette Walter, CFO, reported a slight increase in container throughput by 0.9% to 5.9 million TEU, with strong growth on North and South American routes. Revenue climbed by 9.9% to EUR773.3 million, driven by longer dwell times and increased storage fees. However, EBIT costs rose due to higher personnel and energy expenses. Q: What were the significant developments in the Intermodal segment? A: The Intermodal segment saw an 11.6% rise in container transport to 1,787,000 TEU, with rail transport increasing by 13.2%. The acquisition of a majority stake in Roland Spedition contributed to this growth. Revenue increased by 14.6% to EUR711.3 million, and EBIT rose by 14.8% to EUR83.7 million. Q: How is HHLA advancing its sustainability initiatives? A: Angela Titzrath emphasized HHLA's commitment to sustainability, with significant progress in rail transport and the modernization of the Burchardkai terminal. The company aims for climate-neutral production by 2040, with ongoing efforts to enhance energy efficiency and environmentally friendly operations. Q: What is the outlook for HHLA in 2025? A: Angela Titzrath provided an optimistic outlook, expecting strong growth in container throughput and transport. Revenue and EBIT are projected to increase significantly, with capital expenditure focused on expanding capacity and efficiency in the Container and Intermodal segments. The forecast includes an EBIT range of EUR180 million to EUR220 million. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Wall Street Journal
26-03-2025
- Business
- Wall Street Journal
Germany's HHLA Expects Revenue, Earnings to Rise This Year
German transport and logistics provider Hamburger Hafen und Logistik HHFA 0.81%increase; green up pointing triangle expects to report revenue and earnings growth this year on an increase in container transport and demand for port services. The Hamburg terminal operator—known as HHLA—specializes in seaport terminal and port services, as well as container and transport logistics. It said it spent 2024 focusing on strengthening its European network, particularly by increasing the number of rail connections, in addition to further modernizing and automating its container terminals in Hamburg.
