AI Terminal
Hapag-Lloyd AG
Earnings Release • Jan 30, 2025
199_rns_2025-01-30_d8f54146-5033-4157-b096-08b3549812a1.html
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Corporate | 30 January 2025 07:28
Hapag-Lloyd publishes preliminary business figures for 2024
EQS-News: Hapag-Lloyd AG / Key word(s): Preliminary Results
Hapag-Lloyd publishes preliminary business figures for 2024
30.01.2025 / 07:28 CET/CEST
The issuer is solely responsible for the content of this announcement.
Hapag-Lloyd publishes preliminary business figures for 2024
- EBITDA and EBIT slightly higher than in 2023
- Transport volume up 5%, to 12.5 million TEU
- Average freight rate at prior-year level
On the basis of preliminary and unaudited figures, Hapag-Lloyd achieved a Group EBITDA of USD 5.0 billion (EUR 4.6 billion) in the 2024 financial year. The Group EBIT also slightly improved compared to the prior year, to USD 2.8 billion (EUR 2.6 billion). Both key figures are in the upper range of the adjusted earnings forecast published in October 2024. The increases can primarily be attributed to higher transport volumes combined with a stable average freight rate, which stood at 1,492 USD/TEU and thereby remained at the prior-year level (2023: 1,500 USD/TEU).
Revenues rose to USD 20.7 billion (EUR 19.1 billion), particularly owing to stronger demand for container transports. Transport volumes increased by roughly 5%, to 12.5 million TEU – despite the rerouting of ships via the Cape of Good Hope due to the security situation in the Red Sea and the associated longer voyage times.
Hapag-Lloyd will publish its 2024 Annual Report with the audited financial figures and an outlook for the current financial year on March 20, 2025.
Explanatory notes relating to the performance measures EBITDA and EBIT referred to herein can be found here: https://www.hapag-lloyd.com/en/ir/publications/financial-report.html
PRELIMINARY KEY FIGURES (USD)*
| Q4 2024 | Q4 2023 | 2024 | 2023 | 2024 versus 2023 |
|
| Transport volume (TEU million) | 3.1 | 3.0 | 12.5 | 11.9 | 0.6 |
| Freight rate (USD/TEU) | 1,564 | 1,190 | 1,492 | 1,500 | -9 |
| Revenues (USD billion) | 5.4 | 4.1 | 20.7 | 19.4 | 1.3 |
| EBITDA (USD billion) | 1.4 | 0.3 | 5.0 | 4.8 | 0.2 |
| EBIT (USD billion) | 0.8 | -0.3 | 2.8 | 2.7 | 0.1 |
**
PRELIMINARY KEY FIGURES (EURO)***
| Q4 2024 | Q4 2023 | 2024 | 2023 | 2024 versus 2023 |
|
| Revenues (EUR billion) | 5.1 | 3.8 | 19.1 | 17.9 | 1.2 |
| EBITDA (EUR billion) | 1.3 | 0.3 | 4.6 | 4.5 | 0.2 |
| EBIT (EUR billion) | 0.8 | -0.2 | 2.6 | 2.5 | 0.0 |
| Annual average exchange rate (USD/EUR) | n.a. | n.a. | 1.08 | 1.08 | 0 |
| End of period exchange rate (USD/EUR) | n.a. | n.a. | 1.04 | 1.11 | -0.07 |
* In individual cases, rounding differences may occur in the tables for computational reasons.
About Hapag-Lloyd
With a fleet of 292 modern container ships and a total transport capacity of 2.3 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies. In the Liner Shipping segment , the Company has around 13,700 employees and 399 offices in 139 countries. Hapag-Lloyd has a container capacity of 3.4 million TEU – including one of the largest and most modern fleets of reefer containers. A total of 113 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. In the Terminal & Infrastructure segment , Hapag-Lloyd has equity stakes in 20 terminals in Europe, Latin America, the United States, India and North Africa. 3,000 employees are assigned to the Terminal & Infrastructure segment and provide complementary logistics services at selected locations in addition to the terminal activities.
Disclaimer
This press release contains forward-looking statements that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, uncertainties and contingencies. Actual results can differ materially from those anticipated in the Company’s forward-looking statements.
Press contacts
[email protected] / +49 40 3001-2263
[email protected] / +49 40 3001-2291
Contact for investors
[email protected] / +49 40 3001-3705
30.01.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| 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: | [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: | 2077491 |
| End of News | EQS News Service |