ELVIS Calls for Cost Sharing from the Automotive Industry
Jul 30, 2021 at 5:00 PMRhenus High Tech Celebrates Topping-Out Ceremony for New Location in Niederaula
Jul 30, 2021 at 6:28 PMHapag-Lloyd’s half-year results for 2021 have significantly improved compared to the previous year. EBITDA amounts to approximately 3.5 billion euros compared to 1.2 billion euros in the previous year. Global demand for container transport remains at a high level. The earnings outlook for the fiscal year 2021 has been raised.
(Hamburg) Based on preliminary figures, Hapag-Lloyd expects an EBITDA of about 4.2 billion US dollars (around 3.5 billion euros) for the first half of 2021, compared to approximately 1.3 billion US dollars (around 1.2 billion euros) in the same period last year. At the same time, EBIT is around 3.5 billion US dollars (approximately 2.9 billion euros), up from about 0.6 billion US dollars (around 0.5 billion euros) in the first half of 2020.
Global demand for container transport remains high. However, operational disruptions across the entire supply chain continue to cause significant delays and contribute to a shortage of transport capacities. Therefore, Hapag-Lloyd also expects a continued strong earnings dynamic for the second half of the fiscal year. A gradual normalization of the earnings situation in the second half of the year was previously anticipated.
Freight Rates Remain Consistently High
For this reason, the management board of Hapag-Lloyd AG has raised its earnings outlook for the fiscal year 2021. EBITDA is now expected to be in a range of 9.2 to 11.2 billion US dollars or 7.6 to 9.3 billion euros (previously: significantly above last year), and EBIT is expected to be in a range of 7.5 to 9.5 billion US dollars or 6.2 to 7.9 billion euros (previously: significantly above last year).
“We also benefited from better freight rates in the second quarter and are looking back on a very strong first half of the year overall. At the same time, we firmly believe that this momentum will carry over into the second half of the year, which is why we have raised our earnings forecast for 2021 overall. We will continue to do everything we can to mitigate the impact of supply chain bottlenecks for our customers and achieve better service quality,” said Rolf Habben Jansen, CEO of Hapag-Lloyd.
The final business figures for the first half of 2021 will be published as planned on August 12, 2021.
Photo: © Hapag-Lloyd
