|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||102.51 - 102.51|
|52-week range||57.00 - 137.70|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||9.20|
|Forward dividend & yield||2.13 (2.08%)|
|Ex-dividend date||28 May 2021|
|1y target est||N/A|
German container shipping line Hapag-Lloyd on Thursday reported a nearly 10-fold increase in first half net profit, citing surging freight rates amid scarce transport capacities. The group, the world's number five in the industry, said net profit climbed to 2.7 billion euros ($3.28 billion) from 285 million euros a year earlier. It said it did not expect any normalisation in global supply chains which have seen severe infrastructure bottlenecks due to the coronavirus crisis.
German container shipper Hapag-Lloyd said on Wednesday it increased its net profit in the first quarter to 1.2 billion euros ($1.45 billion) and kept up its guidance for "clearly higher" full year earnings. "We concluded the first quarter with a very positive financial result and look back overall on a solid start to the year," said Rolf Habben Jansen, chief executive of Hapag-Lloyd, the world's number five container liner. Its net profit had slumped to 25 million euros a year ago as the coronavirus pandemic hit.
German container shipper Hapag-Lloyd said on Thursday it almost tripled its net result in 2020 due to lower costs and higher freight rates, but shied away from specifying 2021 results due to uncertainty in the coronavirus crisis. The net result in 2020 amounted to 935 million euros ($1.12 billion) compared with 373 million euros in 2019 after revenue rose 3% and freight rates increased 4%, it said in a statement. Hapag-Lloyd, the world's fifth largest container line, expected to clearly surpass its 2020 results based on the assumption that transport volumes and average freight rates will increase throughout the year.