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Hapag-Lloyd AG
Earnings Release • Oct 15, 2020
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Earnings Release
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News Details
Ad-hoc | 15 October 2020 09:44
Hapag-Lloyd AG publishes preliminary earnings figures for first nine months 2020 and raises earnings guidance
Hapag-Lloyd AG / Key word(s): 9 Month figures/Change in Forecast
Hapag-Lloyd AG publishes preliminary earnings figures for first nine months 2020 and raises earnings guidance
15-Oct-2020 / 09:44 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.
Hamburg, 15 October 2020
Hapag-Lloyd AG publishes preliminary earnings figures for first nine months 2020 and raises earnings guidance
Based on preliminary figures Hapag-Lloyd AG expects for the first nine months 2020 an EBITDA of approximately 1.8 billion Euro (9M/2019: 1,511 million Euro) and an EBIT of approximately 850 million Euro (9M/2019: 643 million Euro).
Due to the positive business development throughout the past months the Executive Board has decided today to raise its earnings guidance published in March. For financial year 2020 the Executive Board expects an EBITDA of 2.4 – 2.6 billion Euro (prior: 1.7 – 2.2 billion Euro) and an EBIT of 1.1 to 1.3 billion Euro (prior: 0.5 – 1.0 billion Euro). Against the background of the still prevailing high risks with regard to the spread of the COVID-19 pandemic and the related economic consequences the forecast is stil subject to uncertainties.
The finale figures for the first nine months 2020 will be published as planned on 13 November 2020.
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
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
15-Oct-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: | 1141021 |
| End of Announcement | DGAP News Service |