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Hapag-Lloyd AG
Earnings Release • Jul 30, 2021
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Earnings Release
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News Details
Ad-hoc | 30 July 2021 14:46
Hapag-Lloyd AG publishes preliminary earnings figures for the first half of 2021 and raises its earnings outlook for the current financial year
Hapag-Lloyd AG / Key word(s): Change in Forecast/Preliminary Results
Hapag-Lloyd AG publishes preliminary earnings figures for the first half of 2021 and raises its earnings outlook for the current financial year
30-Jul-2021 / 14:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Hapag-Lloyd AG publishes preliminary earnings figures for the first half of 2021 and raises its earnings outlook for the current financial year
Based on preliminary figures, Hapag-Lloyd expects for the first half of 2021 an EBITDA of approximately USD 4.2 billion (around EUR 3.5 billion) compared to around USD 1.3 billion (approximately EUR 1.2 billion) in the prior-year period. At the same time, EBIT is expected to be roughly USD 3.5 billion (around EUR 2.9 billion) compared to approximately USD 0.6 billion (around EUR 0.5 billion) in the first half of 2020.
Against the backdrop of unabated global demand for container transports and continued supply-chain disruptions, which are leading to a shortage of available transport capacity, earnings momentum is likely to remain very strong in the second half of the 2021 financial year. Previously, a gradual normalisation of the earnings trend had been expected for the second half of the year.
Given these circumstances, the Executive Board of Hapag-Lloyd raises its earnings outlook for the 2021 financial year. EBITDA is now expected to be in the range of USD 9.2 to 11.2 billion or EUR 7.6 to 9.3 billion (previously: clearly above previous year) and EBIT in the range of USD 7.5 to 9.5 billion or EUR 6.2 to 7.9 billion (previously: clearly above previous year), respectively.
The final business figures for the first half-year of 2021 will be published as planned on 12 August 2021.
Explanatory notes relating to the performance measures EBITDA and EBIT referred to herein can be found in the 2020 Annual Report:
https://www.hapag-lloyd.com/en/ir/publications/financial-report.html
Contact:
Heiko Hoffmann
Senior Director Investor Relations
Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Telephone +49 40 3001-2896
Mobile +49 172 875-2126
30-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | Hapag-Lloyd AG |
| Ballindamm 25 | |
| 20095 Hamburg | |
| Germany | |
| Phone: | +49 (0) 40 3001 – 2896 |
| Fax: | +49 (0) 40 3001 – 72896 |
| E-mail: | [email protected] |
| 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: | 1223056 |
| End of Announcement | DGAP News Service |