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Hapag-Lloyd AG
Earnings Release • Oct 29, 2021
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Earnings Release
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Ad-hoc | 29 October 2021 15:51
Hapag-Lloyd AG publishes preliminary earnings figures for the first nine months 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 nine months of 2021 and raises its earnings outlook for the current financial year
29-Oct-2021 / 15:51 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 nine months of 2021 and raises its earnings outlook for the current financial year
Due to unabated global demand for container transports and the continuing disruptions in global supply-chains causing a shortage of available transport capacity, Hapag-Lloyd posted very strong financial results in the first nine months of 2021.
Based on preliminary figures, EBITDA for the first nine months of 2021 is anticipated to be in the range of EUR 6.8 billion compared to around EUR 1.8 billion in the prior-year period. At the same time, EBIT is expected to be roughly EUR 5.8 billion compared to approximately EUR 0.9 billion in the first nine months of 2020.
Given the earnings momentum is likely to remain on a high level, the Executive Board of Hapag-Lloyd AG has decided today to raise its earnings outlook. 2021 Group EBITDA is now expected to be in the range of EUR 10.1 – 10.9 billion (previously: EUR 7.6 – 9.3 billion) and Group EBIT in the range of EUR 8.7 – 9.5 billion (previously: EUR 6.2 – 7.9 billion).
The final business figures for the first nine months of 2021 will be published as planned on 12 November 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
PRELIMINARY 9M 2021 FINANCIAL RESULT *
| EUR FIGURES | Q3 2021 | Q3 2020 | 9M 2021 | 9M 2020 | |
| EBITDA (EUR billion) | 3.3 | 0.6 | 6.8 | 1.8 | |
| EBIT (EUR billion) | 2.9 | 0.3 | 5.8 | 0.9 |
| USD FIGURES | Q3 2021 | Q3 2020 | 9M 2021 | 9M 2020 | |
| EBITDA (USD billion) | 3.9 | 0.8 | 8.2 | 2.0 | |
| EBIT (USD billion) | 3.5 | 0.4 | 6.9 | 1.0 |
2021 EARNINGS OUTLOOK*
| EUR FIGURES | Revised | Previously |
| EBITDA (EUR billion) | 10.1 – 10.9 | 7.6 – 9.3 |
| EBIT (EUR billion) | 8.7 – 9.5 | 6.2 – 7.9 |
| USD FIGURES | Revised | Previously |
| EBITDA (USD billion) | 12.0 – 13.0 | 9.2 – 11.2 |
| EBIT (USD billion) | 10.3 – 11.3 | 7.5 – 9.5 |
* Figures rounded.
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
29-Oct-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: | 1244895 |
| End of Announcement | DGAP News Service |