Hapag-Lloyd raises its earnings outlook for the current financial year and
publishes preliminary earnings figures for the first half year of 2024
EQS-Ad-hoc: Hapag-Lloyd AG / Key word(s): Change in Forecast/Half Year
Results
Hapag-Lloyd raises its earnings outlook for the current financial year and
publishes preliminary earnings figures for the first half year of 2024
09-Jul-2024 / 18:49 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Hapag-Lloyd raises its earnings outlook for the current financial year and
publishes preliminary earnings figures for the first half year of 2024
Based on preliminary and unaudited figures, Hapag-Lloyd AG achieved a Group
EBITDA of approximately EUR 1.8 billion (previous year: EUR 3.5 billion) and
Group EBIT of approximately EUR 0.8 billion (previous year: EUR 2.6 billion)
in the first half of 2024. In US dollars, this corresponds to a Group EBITDA
of approximately USD 2.0 billion (previous year: USD 3.8 billion) and a
Group EBIT of approximately USD 0.9 billion (previous year: USD 2.8
billion).
Because recent strong demand and increased short term freight rates have
exceeded expectations, earnings momentum for the second half of the year is
likely to be above previous expectations. Therefore, the Executive Board of
Hapag-Lloyd AG is raising its earnings outlook for the financial year 2024.
Group EBITDA for the full year is now expected to be in the range of EUR 3.2
to 4.2 billion (previously: EUR 2.0 to 3.0 billion) and Group EBIT in the
range of EUR 1.2 to 2.2 billion (previously: EUR 0.0 to 1.0 billion). In US
dollars, this corresponds to an expected Group EBITDA of USD 3.5 to 4.6
billion (previously: USD 2.2 to 3.3 billion) and Group EBIT of USD 1.3 to
2.4 billion (previous year: USD 0.0 to 1.1 billion).
The final business figures for the first half year of 2024 will be published
as planned on 14 August 2024.
Against the backdrop of very volatile freight rates and major geopolitical
challenges, the forecast is subject to a high degree of uncertainty.
Explanatory notes relating to the performance measures EBITDA and EBIT
referred to herein can be found in the 2023 Annual Report:
https://www.hapag-lloyd.com/en/ir/publications/financial-report.html
PRELIMINARY H1 2024 FINANCIAL RESULT*
EUR FIGURES Q2 2024 Q2 2023 H1 2024 H1 2023
EBITDA (EUR billion) 0.9 1.3 1.8 3.5
EBIT (EUR billion) 0.4 0.8 0.8 2.6
USD FIGURES Q2 2024 Q2 2023 H1 2024 H1 2023
EBITDA (USD billion) 1.0 1.4 2.0 3.8
EBIT (USD billion) 0.5 0.9 0.9 2.8
2024 EARNINGS OUTLOOK*
EUR FIGURES Updated Previously
EBITDA (EUR billion) 3.2 to 4.2 2.0 to 3.0
EBIT (EUR billion) 1.2 to 2.2 0.0 to 1.0
USD FIGURES Updated Previously
EBITDA (USD billion) 3.5 to 4.6 2.2 to 3.3
EBIT (USD billion) 1.3 to 2.4 0.0 to 1.1
Contact:
Alexander Drews
Director Investor Relations
Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Phone +49 40 3001-3705
Fax +49 40 3001-72896
Mobile +49 174 326-3123
End of Inside Information
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Language: English
Company: Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Germany
Phone: +49 (0) 40 3001 - 3705
Fax: +49 (0) 40 3001 - 72896
E-mail: ir@hlag.com
Internet: www.hapag-lloyd.com
ISIN: DE000HLAG475
WKN: HLAG47
Listed: Regulated Market in Frankfurt (Prime Standard),
Hamburg; Regulated Unofficial Market in Berlin,
Dusseldorf, Hanover, Munich, Stuttgart, Tradegate
Exchange
EQS News ID: 1942753
End of Announcement EQS News Service
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1942753 09-Jul-2024 CET/CEST