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​​​​​​​Hapag-Lloyd posts earnings growth in the first half year of 2022 and raises its earnings outlook for the current financial year

Hapag-Lloyd AG / Key word(s): Forecast/Half Year Results
​​​​​​​Hapag-Lloyd posts earnings growth in the first half year of 2022 and raises its earnings outlook for the current financial year

28-Jul-2022 / 10:18 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 posts earnings growth in the first half year of 2022 and raises its earnings outlook for the current financial year

Hapag-Lloyd posted earnings growth in the first half year of 2022. Based on preliminary figures, Group EBITDA for the first half year of 2022 is in the range of USD 10.9 billion (EUR 10.0 billion) and Group EBIT is around USD 9.9 billion (EUR 9.1 billion).

The transport volume of around 6 million TEU was at the level of the previous year. At the same time, the average freight rate increased by approximately 80%.

Based on current business performance, the second half year should also exceed previous expectations. Against this background, the Executive Board of Hapag-Lloyd AG has raised its earnings outlook for the current financial year today. For 2022, Group EBITDA is now expected to be in the range of USD 19.5 to 21.5 billion (EUR 18.2 to 20.1 billion) and Group EBIT in the range of USD 17.5 to 19.5 billion (EUR 16.3 to 18.2 billion).

In view of the war in Ukraine, the continuing disruptions to global supply chains and the effects of the COVID-19 pandemic, the forecast is subject to considerable uncertainty.

The final business figures for the first half year of 2022 will be published as planned on 11 August 2022.

Explanatory notes relating to the performance measures EBITDA and EBIT referred to herein can be found in the 2021 Annual Report:

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

 

 

PRELIMINARY H1 2022 FINANCIAL RESULT*
 

EUR FIGURES

Q2 2022

Q2 2021

 

H1 2022

H1 2021

EBITDA (EUR billion)

5.3

1.9

 

10.0

3.5

EBIT (EUR billion)

4.8

1.6

 

9.1

2.9

 

USD FIGURES

Q2 2022

Q2 2021

 

H1 2022

H1 2021

EBITDA (USD billion)

5.6

2.3

 

10.9

4.2

EBIT (USD billion)

5.1

1.9

 

9.9

3.5

 

 

2022 EARNINGS OUTLOOK*

 

EUR FIGURES

Updated

Previously

EBITDA (EUR billion)

18.2 – 20.1

13.6 – 15.5

EBIT (EUR billion)

16.3 – 18.2

11.7 – 13.6

 

USD FIGURES

Updated

Previously

EBITDA (USD billion)

19.5 – 21.5

14.5 – 16.5

EBIT (USD billion)

17.5 – 19.5

12.5 – 14.5


* 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

28-Jul-2022 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:

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:

1408015


 

End of Announcement

DGAP News Service

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