Carriers still desperate for tonnage to guarantee emergency schedules
Ocean carriers are struggling to maintain weekly sailings from Asia to Europe via the Cape ...
Hamburg, 28 July 2022
Hapag-Lloyd posts earnings growth in the first half year of 2022 and raises its earnings outlook for the current financial year Hapag-Lloyd posted earnings growth in the first half year of 2022.
Based on preliminary figures, Group EBITDA for the first half year of 2022 is in the range of USD 10.9 billion (EUR 10.0 billion) and Group EBIT is around USD 9.9 billion (EUR 9.1 billion).
The transport volume of around 6 million TEU was at the level of the previous year. At the same time, the average freight rate increased by approximately 80%. Based on current business performance, the second half year should also exceed previous expectations.
Against this background, the Executive Board of Hapag-Lloyd AG has raised its earnings outlook for the current financial year today. For 2022, Group EBITDA is now expected to be in the range of USD 19.5 to 21.5 billion (EUR 18.2 to 20.1 billion) and Group EBIT in the range of USD 17.5 to 19.5 billion (EUR 16.3 to 18.2 billion).
In view of the war in Ukraine, the continuing disruptions to global supply chains and the effects of the COVID-19 pandemic, the forecast is subject to considerable uncertainty.
The final business figures for the first half year of 2022 will be published as planned on 11 August 2022.
Explanatory notes relating to the performance measures EBITDA and EBIT referred to herein can be found in the 2021 Annual Report: https://www.hapag-lloyd.com/en/ir/publications/financial-report.html
The full release can be found here.
(Stock up 9.08% to €319.6 at 9.53am BST.)