News / Hapag-Lloyd revenue on the up, but volatile fuel prices skim profits

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Hapag-Lloyd today said it was maintaining its 2020 ebitda guidance of €1.7bn-2.2bn, despite unpredictable fluctuations in demand, due to the coronavirus pandemic.

This morning it posted a first-quarter ebitda of €469m ($507.8m), a decline of €20m from the same period last year.

This, it said, was largely due to the impact of higher fuel prices in the wake of the IMO’s low-sulphur regulations that came into effect on 1 January.

“Despite the coronavirus pandemic, we have gotten the year off to a good ...