Hamburger Hafen & Logistik AG, which handles about 80 percent of containers at the port of Hamburg, stuck to a forecast of possible revenue growth this year after first-quarter volume at its rail and trucking operations rose.
German stocks slid for a second day as European Central Bank President Mario Draghi said he sees risks to the region’s economic recovery and warned that monetary policy cannot compensate for lack of government action.
Hamburg, Europe’s second-largest container port, is poised for a rise in cargo volumes in coming years after one of the final hurdles to the ninth major river dredging in the port’s 1,000-year history was surmounted.
Hamburger Hafen & Logistik AG , which handles two-thirds of containers in the Port of Hamburg, said first-quarter profit jumped 47 percent because of growth in European exports to China and increasing traffic to Russia.
Hamburger Hafen und Logistik AG expects revenues to exceed 1 billion euros this year and said an operating result of 180 million euros is possible. The Hamburg- based company also forecast growth for 2011 as the recovery in transport volumes accelerates.