Hapag-Lloyd AG / Key word(s): 9 Month figures/Change in Forecast
Hamburg, 15 October 2020
Hapag-Lloyd AG publishes preliminary earnings figures for first nine months 2020 and raises earnings guidance
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.
15-Oct-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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