HAPAG-LLOYD REPORTS RISE IN CONTAINER VOLUMES

Embarking on a robust start to 2024, Hapag-Lloyd has exhibited resilience and adaptability amidst varying market conditions. A surge in demand and stability in rates marked the first quarter, reflecting the company’s agile and proactive approach to operation management. A refined prediction of earnings for 2024 further underscores the company’s optimism and clear dedication to cost management and the progressive implementation of Strategy 2030.

In the first quarter of 2024 alone, Hapag-Lloyd boasted a Group EBITDA of USD 942 million (EUR 868 million) reflective of the company’s successful financial management. Comparatively, while the Group EBIT dropped to USD 396 (EUR 365 million) and the Group profit to USD 325 million (EUR 299 million) from the previous year, the company has shown increased transport volumes in the Liner Shipping segment.

The Liner Shipping segment saw a 6.8% rise in transport volumes to 3 million TEU as compared to the first quarter of 2023. Transport expenses remained stable, counteracting significant cost increases caused by the rerouting of ships around the Cape of Good Hope. Despite a drop in revenues to USD 4.6 billion (EUR 4.3 billion), largely due to a lower average freight rate, effective cost management has helped to balance financial performances.

The newly established Terminal & Infrastructure segment has also set a strong foundation, achieving an EBITDA of USD 35 million (EUR 32 million) and an EBIT of USD 18 million (EUR 16 million) in the first quarter of 2024. Although it was only created in the latter half of 2023, it has shown promising initial results.

Hapag-Lloyd CEO, Rolf Habben Jansen, expressed satisfaction with the positive start to the year despite significantly lower results compared to the previous year. The stabilization of rates and higher demand for capacity have contributed positively to the first quarter. He emphasized the critical focus on cost management, continuation of Strategy 2030, and the company’s commitment to quality and decarbonization initiatives.

Following the promising business performance in 2024’s first quarter, the Executive Board has revised its financial forecast. The Group EBITDA is now anticipated to range from USD 2.2 to 3.3 billion (EUR 2 to 3 billion) and the Group EBIT between USD 0 to 1.1 billion (EUR 0 to 1 billion). Despite the volatile freight rates and geopolitical challenges, Hapag-Lloyd continues to demonstrate financial resilience, strategically navigating market uncertainties.

With a fleet of 280 modern container ships and a total transport capacity of 2.1 million TEU, Hapag-Lloyd stands as a globally recognized liner shipping company. With around 13,700 employees, 400 offices in 140 countries, and a highly modern reefer container fleet, the company is committed to ensuring fast and efficient global connections. In the Terminal & Infrastructure segment, Hapag-Lloyd owns stakes in 20 terminals across various continents and provides complementary logistics services at selected locations. The company’s customer-focused approach and continuous dedication to innovation and sustainability position Hapag-Lloyd for continued success in the years ahead.

As we enter the second quarter of 2024, Hapag-Lloyd remains committed to its strategic goals, including expanding market share, reducing carbon emissions, and creating value for shareholders. With a strong financial foundation and a proactive management approach, the company is well-equipped to navigate any future challenges that may arise. As always, Hapag-Lloyd prioritizes quality service, cost management, and sustainability as it continues to provide reliable global connections for its customers. The company’s resilience has been tested time and time again, proving that it is truly built to weather any storm and emerge stronger than before. With its sights set on the future, Hapag-Lloyd is ready to continue its journey towards even greater success in the years to come. So let’s keep an eye out for what this dynamic company will achieve next! Happy shipping! #HapagLloyd #GlobalConnections #Sustainability #Innovation

As we look towards the rest of 2024, Hapag-Lloyd remains committed to its core values and strategic goals. The company’s focus on sustainability can be seen through its continuous efforts to reduce carbon emissions, invest in green technologies, and promote sustainable practices throughout its operations. In addition, Hapag-Lloyd’s dedication to innovation has resulted in the development of new services and technologies that enhance efficiency, improve customer experience, and drive growth.

Hapag-Lloyd’s commitment to global connections is also reflected in its expanding market share and presence in 140 countries around the world. With a strong network of offices and partnerships, the company is able to provide reliable and efficient international shipping solutions worldwide.

In addition, Hapag-Lloyd’s Terminal & Infrastructure segment continues to grow, with plans for further expansion and investment. This will enable the company to provide even more comprehensive and integrated logistics services for its customers.

Despite challenges such as volatile freight rates and geopolitical uncertainties, Hapag-Lloyd remains focused