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DGAP-News: Hapag-Lloyd AG / Key word(s): Preliminary Results/Annual Results
Hamburg, 25 February 2019
Operating result for 2018 considerably improved
Revenues increased in the 2018 financial year by 15 percent, to EUR 11.5 billion (2017: EUR 10.0 billion), in particular due to the merger with UASC and the associated 21 percent increase in transport volume, to 11.9 million TEU (2017: 9.8 million TEU). Transport expenses were primarily driven by strong volume growth and a significantly higher average bunker consumption price of 421 USD/tonne (2017: 318 USD/tonne), increasing by 18 percent, to EUR 9.4 billion (2017: EUR 8.0 billion), proportionally less than transport volume. At 1,044 USD/TEU, the average freight rate for the year as a whole was below the prior-year level (2017: 1,060 USD/TEU), with a better fourth quarter at 1,079 USD/TEU (Q4/17: 1,038 USD/TEU). On a pro forma basis and when compared to the combined business of Hapag-Lloyd and UASC for the full year 2017, the transport volume is up 6 percent and the average freight rate is up 2 percent.
All results are preliminary. The consolidated financial statements and the 2018 Annual Report will be published on 22 March 2019.
Senior Director Investor Relations
Phone +49 40 3001-2896
Fax +49 40 3001-72896
Mobile +49 172 875-2126
|Phone:||+49 (0) 40 3001 - 2896|
|Fax:||+49 (0) 40 3001 - 72896|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|
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