News / Hapag-Lloyd issues profit warning in face of potentially weak peak season

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Hapag-Lloyd spooked investors this morning, issuing a profit warning based on its accounts for the first five months of trading, causing its shares at one stage to drop 21%.

The German carrier has downgraded its ebit guidance from “clearly increasing” the €410m recorded in 2017, to “between €200m and €450m”.

Given that Hapag-Lloyd only managed a net profit of €32m last year, it appears likely the board are now resigned to the carrier posting a loss for 2018.

It said the reason was “an unexpectedly ...