Comment / Analysis: The (ONE) flip side of Hapag-Lloyd's 'extraordinary' delivery

Hapag-Lloyd achieved an “extraordinarily strong operating result in 2021”, you read it here today in the very preliminary, headline numbers released by the German carrier ahead of its annuals on 10 March.

So it was a worthwhile effort yesterday trying to predict – implicitly based on trailing numbers and quarterly trend-lines – how its headline annuals would look.

And we were pretty close, as it turned out, with projected annual ebitda and ebit, respectively, estimated at €11bn and €9.5bn* against, as disclosed today, “approximately ...