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Hapag-Lloyd AG publishes preliminary earnings figures for the first nine months of 2021 and raises its earnings outlook for the current financial year

Hapag-Lloyd AG / Key word(s): Change in Forecast/Preliminary Results
Hapag-Lloyd AG publishes preliminary earnings figures for the first nine months of 2021 and raises its earnings outlook for the current financial year

29-Oct-2021 / 15:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Hapag-Lloyd AG publishes preliminary earnings figures for the first nine months of 2021 and raises its earnings outlook for the current financial year

Due to unabated global demand for container transports and the continuing disruptions in global supply-chains causing a shortage of available transport capacity, Hapag-Lloyd posted very strong financial results in the first nine months of 2021.

Based on preliminary figures, EBITDA for the first nine months of 2021 is anticipated to be in the range of EUR 6.8 billion compared to around EUR 1.8 billion in the prior-year period. At the same time, EBIT is expected to be roughly EUR 5.8 billion compared to approximately EUR 0.9 billion in the first nine months of 2020.

Given the earnings momentum is likely to remain on a high level, the Executive Board of Hapag-Lloyd AG has decided today to raise its earnings outlook. 2021 Group EBITDA is now expected to be in the range of EUR 10.1 - 10.9 billion (previously: EUR 7.6 - 9.3 billion) and Group EBIT in the range of EUR 8.7 - 9.5 billion (previously: EUR 6.2 - 7.9 billion).

The final business figures for the first nine months of 2021 will be published as planned on 12 November 2021.

Explanatory notes relating to the performance measures EBITDA and EBIT referred to herein can be found in the 2020 Annual Report:
https://www.hapag-lloyd.com/en/ir/publications/financial-report.html

PRELIMINARY 9M 2021 FINANCIAL RESULT*

EUR FIGURES Q3 2021 Q3 2020   9M 2021 9M 2020
EBITDA (EUR billion) 3.3 0.6   6.8 1.8
EBIT (EUR billion) 2.9 0.3   5.8 0.9
 
USD FIGURES Q3 2021 Q3 2020   9M 2021 9M 2020
EBITDA (USD billion) 3.9 0.8   8.2 2.0
EBIT (USD billion) 3.5 0.4   6.9 1.0
 

 

2021 EARNINGS OUTLOOK*

EUR FIGURES Revised Previously
EBITDA (EUR billion) 10.1 - 10.9 7.6 - 9.3
EBIT (EUR billion) 8.7 - 9.5 6.2 - 7.9
 
USD FIGURES Revised Previously
EBITDA (USD billion) 12.0 - 13.0 9.2 - 11.2
EBIT (USD billion) 10.3 - 11.3 7.5 - 9.5
 

* Figures rounded.


Contact:

Heiko Hoffmann
Senior Director Investor Relations

Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Phone +49 40 3001-2896
Fax +49 40 3001-72896
Mobile +49 172 875-2126

29-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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Last Reporting

Hapag-Lloyd AG has released its Quarterly Financial Report 9M 2021 on November 12, 2021.

The Analysts' and Investors' Conference Call will took place on the same day at 11 am CET.

Please click here to access the replay of the webcast.

Virtual Capital Markets Day

Hapag-Lloyd AG has hosted a virtual Capital Markets Day on November 17, 2021.

Further information can be found here.

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