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Hamburg (dpa / lno) - The Corona crisis and an expensive austerity program caused the Hamburg port operator HHLA to melt operating profit last year.
According to preliminary figures, earnings before interest and taxes (EBIT) were around 44 percent lower than a year earlier at 123 million euros, as the company announced on Wednesday in Hamburg.
Without the special costs of around 43 million euros for the efficiency program, the operating result would have reached 166 million euros - of which 153 million in the listed Port Logistics subgroup.
This was more than analysts expected on average.
"With the planned provision, we want to strengthen the performance and competitiveness of the Container segment," said CEO Angela Titzrath.
In 2020, container throughput at the HHLA terminals fell by almost eleven percent to fewer than 6.8 million standard containers as a result of the pandemic.
Sales fell by around six percent to just under 1.3 billion euros.
HHLA plans to publish its full annual figures on March 25.
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© dpa-infocom, dpa: 210210-99-380674 / 2