Hapag-Lloyd increases full-year earnings forecast following H1 results

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Hapag-Lloyd has raised its earnings outlook for 2024, reporting a preliminary H1 Group EBITDA of €1.8 billion, driven by strong demand and higher freight rates.

Hapag-Lloyd has raised its earnings outlook for the current financial year and has published preliminary earnings figures for H1 2024.

Based on preliminary and unaudited figures, Hapag-Lloyd achieved a Group EBITDA of approximately €1.8 billion (previous year: €3.5 billion) and Group EBIT of approximately €0.8 billion (previous year: €2.6 billion) in H1 2024.

“Due to 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,” Hapag-Lloyd said in a statement.

Therefore, the Executive Board of Hapag-Lloyd has raised its earnings outlook for the financial year 2024. Group EBITDA for the full year is now expected to be in the range of €3.2 billion to €4.2 billion (previously: €2 billion to €3 billion) and Group EBIT in the range of €1.2 billion to €2.2 billion (previously: €0 to €1.0 billion).

“Against the backdrop of very volatile freight rates and major geopolitical challenges, the forecast is subject to a high degree of uncertainty,” concludes Hapag-Lloyd.

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

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