Hamburger Hafen und Logistik AG (HHLA) is increasing its dividend for the 2011 financial year by 18.2 percent on the previous year. The Annual General Meeting (AGM) held at CCH Congress Center Hamburg adopted the proposal of the Executive Board and Supervisory Board to pay out an earnings-based dividend of € 0.65 per dividend-entitled Class A share for the Port Logistics subgroup.
Around 1000 shareholders and guests attended the Annual General Meeting of Hamburger Hafen und Logistik AG (HHLA) on 14 June 2012 at CCH Congress Center Hamburg. This represented 83 percent of the share capital (previous year: 82.1 percent).
Klaus-Dieter Peters, CEO of HHLA, commented in his speech: “2011 was a successful year for our company. In container throughput we grew more than twice as fast as our competitors in Europe, and we transported record volumes in our hinterland systems. As a result, we achieved profitable revenue growth and a significant increase in net profit after tax and minority interests for the year.”
The proposal made by HHLA’s Executive Board and Supervisory Board to pay out an earningsbased dividend of € 0.65 per dividend-entitled Class A share for the Port Logistics subgroup for the 2011 financial year was approved by the shareholders present. This corresponds to a yearon- year dividend increase of 18.2 percent and a distribution ratio of 54.1 percent of net profit after tax and minority interests of the Port Logistics subgroup for the year. HHLA is therefore distributing a total of € 45.5 million (previous year: € 38.5 million) to its shareholders. The Annual General Meeting also approved to distribute € 1.00 per Class S share for the unlisted Real Estate subgroup – a total of € 2.7 million.
The Annual General Meeting approved all further proposals made by the Supervisory Board and Executive Board with majorities exceeding 87 percent.
HHLA’s CEO, Klaus-Dieter Peters, confirmed the overall forecast for 2012 taking into account the realignment of intermodal activities and a change in the consolidation method for the fruit logistics companies.