Hapag-Lloyd Annual General Meeting Approves All Resolutions

The shareholders of Hapag-Lloyd AG today approved all agenda items put to a vote at the ordinary virtual Annual General Meeting with the required majority. Among other things, the use of the net profit was decided, resulting in a dividend payout of 35 euros per share.

(Hamburg) “We look back on an exceptionally successful year: We have made significant investments, strengthened our financial and asset position, and achieved a record result. Therefore, we are very pleased that our shareholders can once again benefit from a dividend,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG, adding: “At the same time, we have started the current year very well and expect significantly increasing results for the fiscal year 2022 as well.”

Election of the Supervisory Board

The shareholders approved the proposal to elect Dr. Andreas Rittstieg as a representative of the shareholders to the Supervisory Board. The PhD lawyer was a member of the board of the holding company of the Hubert Burda Media Group and has worked as a partner and lawyer in leading law firms in Hamburg, Los Angeles, and Tokyo, and was already a member of the Supervisory Board of Hapag-Lloyd AG until 2014. He succeeds Nicola Gehrt, who resigned from her position effective at the end of the ordinary Annual General Meeting on May 25. It was also decided to re-elect Turqi Abdulrahman A. Alnowaiser, Sheikh Ali bin Jassim Al-Thani, Oscar Eduardo Hasbún Martínez, and José Francisco Pérez Mackenna to the Supervisory Board of Hapag-Lloyd AG.

“I am very pleased because all re-elected representatives of the shareholders are very familiar with the company. This will allow us to seamlessly continue the very constructive cooperation of recent years. I also thank Ms. Nicola Gehrt for her active support of the Supervisory Board for almost six years. At the same time, I look forward to working again with her successor, Mr. Dr. Andreas Rittstieg, whom I warmly welcome to the Supervisory Board of Hapag-Lloyd AG,” said Michael Behrendt, Chairman of the Supervisory Board of Hapag-Lloyd AG.

Future Forecasts

After the strong start to the year for Hapag-Lloyd AG, the second quarter is also expected to exceed previous expectations. From the second half of the year, a gradual normalization in global supply chains should become apparent. With its forecast adjusted on April 28, Hapag-Lloyd expects that EBITDA and EBIT for the current fiscal year 2022 will be significantly above the previous year’s level. However, the forecast is associated with high uncertainties due to the ongoing COVID-19 pandemic and the war in Ukraine.

Photo: © Hapag-Lloyd