News / Hapag-Lloyd hangs onto its UASC customers, but its bottom line takes a hit

According to its preliminary annual result, incorporating seven months of merged UASC business, Hapag-Lloyd achieved an operating result (ebit) of $464m in 2017, compared with just $140m the year before.

And at ebitda (earnings before interest, tax, depreciation and amortisation) level, the company’s result almost doubled, from $671m to $1.2bn.

But the German carrier is unlikely to show much improvement on its modest nine-month $8m net profit when its full results are released on 28 March.

Boosted by UASC, Hapag-Lloyd’s turnover jumped 32% to $11.3m ...