Put companies on watchlist
Hapag-Lloyd AG
ISIN: DE000HLAG475
WKN: HLAG47
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Hapag-Lloyd AG · ISIN: DE000HLAG475 · EQS - adhoc news (75 News)
Country: Germany · Primary market: Germany · EQS NID: 1942753
09 July 2024 06:49PM

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


EQS-Ad-hoc: 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.


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

09-Jul-2024 CET/CEST 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: 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

1942753  09-Jul-2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1942753&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - Hapag-Lloyd AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.