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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): Preliminary Results
Hamburg, 28 February 2018
Hapag-Lloyd with significantly higher operating result in 2017
Volume up 29% / EBITDA reaches EUR 1,055 million / EBITDA margin at 10.6% /
Hapag-Lloyd achieved a significantly higher operating result (EBIT) for the full year 2017. Based on the preliminary unaudited figures, earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed up to EUR 1,055 million (2016: EUR 607 million) and the operating result before interest and taxes (EBIT) increased significantly to EUR 411 million (2016: EUR 126 million) in 2017. The EBITDA margin grew to 10.6% compared to 7.9% in 2016. Besides a positive development of the worldwide container transport volume and a slight recovery of freight rates, this development was mainly driven by the merger with the United Arab Shipping Company Ltd. (UASC). In the 4th Quarter 2017 EBITDA increased to EUR 333 million (Q4 2016: EUR 226 million) and EBIT to EUR 143 million (Q4 2016: EUR 101 million).
Revenues increased to EUR 10.0 billion (2016: EUR 7.7 billion), also supported by an improved average freight rate in 2017 of 1,051 USD/TEU (2016: 1,036 USD/TEU). At the same time, Hapag-Lloyd increased the transport volume significantly by 29.0% to 9.8 million TEU
As of 31 December 2017, Hapag-Lloyd had EUR 6.1 billion (2016: EUR 5.1 billion) in equity and a liquidity reserve (cash, cash equivalents and unused credit facilities) of EUR 1.1 billion (2016: EUR 0.8 billion). The equity development was also driven by the merger with UASC as well as a capital increase of EUR 352 million that was successfully completed in October 2017.
All results are preliminary. The final full year 2017 group financial statements and the annual report 2017 will be published on 28 March 2018.
Preliminary and unaudited 2017 results (in EUR)
UASC Ltd. and its subsidiaries have been incorporated into the consolidated financial statements of Hapag-Lloyd since 24 May 2017, the date of transfer of control. As a result, the presented figures include the effects of the transaction from this time on and can therefore only be compared with prior-year figures to a limited extent.
Senior Director Investor Relations
Phone +49 40 3001-2896
Fax +49 40 3001-72896
Mobile +49 172 875-2126
28.02.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|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|