News / Strong final quarter sees Hapag-Lloyd hit the high end of revised profit forecast

Hapag-Lloyd managed to stay in the black in the final quarter of last year, reporting a preliminary operating result of €164m ($189m) for an ebit margin of 4.6%.

At the ebitda level, Hapag-Lloyd’s margin was 9.9%, which compares with Maersk’s Ocean sector’s 10.6%.

The German carrier said that its unaudited ebit for the full year, of €443m, was at the “upper end” of its revised guidance published last June, predicting between €200-€450m.

The company had been obliged to issue the profit warning from its ...