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Hapag-Lloyd AG
Earnings Release • Dec 8, 2020
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Earnings Release
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News Details
Ad-hoc | 8 December 2020 13:29
Hapag-Lloyd AG raises earnings guidance
Hapag-Lloyd AG / Key word(s): Change in Forecast
Hapag-Lloyd AG raises earnings guidance
08-Dec-2020 / 13:29 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 raises earnings guidance
Due to the fact that business development in the current fourth quarter has exceeded expectations, the Executive Board today decided to raise its earnings guidance for the Group, which was updated in October. For the 2020 financial year, the Executive Board now expects EBITDA of EUR 2.6 – 2.7 billion (previously: EUR 2.4 – 2.6 billion) and EBIT of EUR 1.25 – 1.35 billion (previously: EUR 1.1 – 1.3 billion). The new EBIT range includes impairment charges of around EUR 100 million, particularly in connection with the planned optimisation of the ship portfolio, which were not included in the previous earnings forecast.
The audited business figures for 2020 will be published on 18 March 2021.
Explanatory notes relating to the performance measures EBIT and EBITDA referred to herein can be found in the annual report 2019, available at: 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
Phone +49 40 3001-2896
Fax +49 40 3001-72896
Mobile +49 172 875-2126
08-Dec-2020 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: | 1153622 |
| End of Announcement | DGAP News Service |