Hapag-Lloyd has actually ended the very first quarter of 2022 with an EBITDA of USD 5.3 billion (EUR 4.7 billion). The EBIT increased to USD 4.8 billion (EUR 4.3 billion), as well as the Group earnings reached USD 4.7 billion (EUR 4.2 billion).

“The year has got off to an exceptionally strong start on the whole, and whilst there have been first signs that the market has passed its peak we also expect a strong second quarter,” claimed Rolf Habben Jansen, CHIEF EXECUTIVE OFFICER of Hapag-Lloyd AG.

Revenues increased in the very first quarter of 2022 to USD 9.0 billion (EUR 8.0 billion). This can mainly be credited to a much greater typical products price of 2,774 USD/TEU (Q1 2021: 1,509 USD/TEU) as well as a more powerful United States buck.

Many ports are still crowded, as well as hinterland frameworks are stressed, which with each other is leading to longer turn-around times for ships as well as containers. Overall, transportation quantities were about comparable with the prior-year degree, at 3.0 million TEU. The result was affected by dramatically raising costs for container handling as well as an approximately 60 percent greater typical shelter usage cost, which stood at USD 613 per tonne (Q1 2021: 384 USD per tonne) in the very first quarter.

Based on the existing organization efficiency, the 2nd quarter will certainly go beyond earlier assumptions. In sight of these situations, the Executive Board of Hapag-Lloyd AG elevated its revenues projection for the existing fiscal year on 28April For the 2022 fiscal year, an EBITDA in the series of USD 14.5 to 16.5 billion (EUR 13.6 to 15.5 billion) as well as an EBIT in the series of USD 12.5 to 14.5 billion (EUR 11.7 to 13.6 billion) are currently anticipated. However, this projection stays based on substantial unpredictability provided the continuous COVID-19 pandemic as well as the battle in Ukraine.

“Global supply chains continue to be under significant pressure – not least because of the recent measures taken in China in response to COVID-19 outbreaks. This situation is expected to improve in the second half of the year. For our customers worldwide, we will do everything in our power to help normalise this difficult market environment as quickly as possible. At the same time, we will continue to focus on quality and sustainability and further implement our Strategy 2023,” Habben Jansen included.

Reference: hapag-lloyd. com