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Below you find all financial announcements since the issuance of our corporate bonds in October 2010. To view all press releases by Hapag-Lloyd please visit the press section.
DGAP-News: Hapag-Lloyd AG / Key word(s): Final Results
Hamburg, 23 March 2016
Hapag-Lloyd delivers 114 million Euro net profit in a challenging market environment
Synergies, Cost-cutting programme and a more competitive fleet ensure successful year / Hapag-Lloyd well positioned due to balanced trade portfolio and presence in attractive niche markets / Further earnings-improvement projects in 2016
Hapag-Lloyd achieved a net profit of EUR 114 million (previous year: EUR -604 million) in the financial year 2015. EBITDA amounted to EUR 831 million (previous year: EUR 99 million) and the operating result (EBIT) to EUR 366 million (previous year: EUR -383 million).
In 2015, Hapag-Lloyd's transport volume rose by 25.3% year on year to 7.401 million TEU. The average freight rate in the previous financial year was 1,225 USD/TEU, which represents a decline of 202 USD/TEU, or 14.2%, on 2014. Revenue reached EUR 8.842 billion in the past financial year, following EUR 6.808 billion in the previous year. The increases in volume and revenue were primarily attributable to the acquisition of CSAV's container activities.
The transport expenses grew 19.8%, or EUR 1.198 billion, to EUR 7.258 billion. The transport expenses per TEU decreased by 20.1% from 1,363 USD/TEU in 2014 to 1,089 USD/TEU last year. This is caused by a lower bunker consumption price, which, at 312 USD/tonne in 2015, was significantly below the previous year's level of 575 USD/tonne. Also lower consumption (per TEU transported) as well as the synergies and effects of the OCTAVE programme contributed to reducing unit cost.
"In 2016 we will continue to work on our competitiveness, to maintain and further strengthen our performance in the industry," explained Rolf Habben Jansen. "We are well positioned thanks to our balanced portfolio across all trades and our strong presence in attractive niche markets such as reefer, special cargo, dangerous goods or cabotage."
The year-on-year improvement in equity to EUR 5.046 billion (equity ratio: 45.5%) and the increased liquidity reserve of EUR 962 million serve as a solid basis for exploiting additional growth opportunities (all figures as at 31. December 2015).
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|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|