Hapag-Lloyd AG

Earnings Release • Jul 9, 2024

News Details

Ad-hoc | 9 July 2024 18:49

Hapag-Lloyd raises its earnings outlook for the current financial year and publishes preliminary earnings figures for the first half year of 2024

Hapag-Lloyd AG / Key word(s): Change in Forecast/Half Year Results

Hapag-Lloyd raises its earnings outlook for the current financial year and publishes preliminary earnings figures for the first half year of 2024

09-Jul-2024 / 18:49 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Hapag-Lloyd raises its earnings outlook for the current financial year and publishes preliminary earnings figures for the first half year of 2024

Based on preliminary and unaudited figures, Hapag-Lloyd AG achieved a Group EBITDA of approximately EUR 1.8 billion (previous year: EUR 3.5 billion) and Group EBIT of approximately EUR 0.8 billion (previous year: EUR 2.6 billion) in the first half of 2024. In US dollars, this corresponds to a Group EBITDA of approximately USD 2.0 billion (previous year: USD 3.8 billion) and a Group EBIT of approximately USD 0.9 billion (previous year: USD 2.8 billion).

Because recent strong demand and increased short term freight rates have exceeded expectations, earnings momentum for the second half of the year is likely to be above previous expectations. Therefore, the Executive Board of Hapag-Lloyd AG is raising its earnings outlook for the financial year 2024. Group EBITDA for the full year is now expected to be in the range of EUR 3.2 to 4.2 billion (previously: EUR 2.0 to 3.0 billion) and Group EBIT in the range of EUR 1.2 to 2.2 billion (previously: EUR 0.0 to 1.0 billion). In US dollars, this corresponds to an expected Group EBITDA of USD 3.5 to 4.6 billion (previously: USD 2.2 to 3.3 billion) and Group EBIT of USD 1.3 to 2.4 billion (previous year: USD 0.0 to 1.1 billion).

The final business figures for the first half year of 2024 will be published as planned on 14 August 2024.

Against the backdrop of very volatile freight rates and major geopolitical challenges, the forecast is subject to a high degree of uncertainty.

Explanatory notes relating to the performance measures EBITDA and EBIT referred to herein can be found in the 2023 Annual Report:

https://www.hapag-lloyd.com/en/ir/publications/financial-report.html

PRELIMINARY H1 2024 FINANCIAL RESULT*

EUR FIGURES	Q2 2024	Q2 2023		H1 2024	H1 2023
EBITDA (EUR billion)	0.9	1.3		1.8	3.5
EBIT (EUR billion)	0.4	0.8		0.8	2.6

USD FIGURES	Q2 2024	Q2 2023		H1 2024	H1 2023
EBITDA (USD billion)	1.0	1.4		2.0	3.8
EBIT (USD billion)	0.5	0.9		0.9	2.8

2024 EARNINGS OUTLOOK*

EUR FIGURES	Updated	Previously
EBITDA (EUR billion)	3.2 to 4.2	2.0 to 3.0
EBIT (EUR billion)	1.2 to 2.2	0.0 to 1.0

USD FIGURES	Updated	Previously
EBITDA (USD billion)	3.5 to 4.6	2.2 to 3.3
EBIT (USD billion)	1.3 to 2.4	0.0 to 1.1

Contact:

Alexander Drews

Director Investor Relations

Hapag-Lloyd AG

Ballindamm 25

20095 Hamburg

Phone +49 40 3001-3705

Fax +49 40 3001-72896

Mobile +49 174 326-3123

End of Inside Information

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09-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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:	ir@hlag.com
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:	1942753

End of Announcement	EQS News Service