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DGAP-News: Hapag-Lloyd AG / Key word(s): Quarterly / Interim Statement/Quarter Results
Hamburg, 14 May 2018
Hapag-Lloyd with an increased Q1 operating result
- EUR 219.4 million EBITDA in the first quarter
- Operating result (EBIT) at EUR 53.7 million
- Market environment remains challenging
"We have had a solid start into the current year, but the market environment is challenging. Freight rates have been under pressure, bunker costs and trucking cost in some important markets were up and we faced a weaker US-Dollar, whereas higher transport volumes and synergies supported the result. We expect a gradual improvement of the market throughout 2018 - but most of that will only hit the books in the second half of the year," said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd.
Revenues amounted to EUR 2.6 billion in the first three months of this year (first quarter 2017: EUR 2.1 billion) and transport volume reached 2,861 TTEU (first quarter 2017: 1,934 TTEU). The average freight rate of 1,029 USD/TEU in the first quarter 2018 (first quarter 2017: 1,056 USD/TEU) reflects the competitive market environment. Earnings were also impacted by a lower average exchange rate of 1.23 USD/EUR (first quarter 2017: 1.07 USD/EUR) and higher bunker prices of USD 372/tonne in the first three months 2018 (first quarter 2017: USD 313/tonne).
The report for the first quarter 2018 is available under
KEY FIGURES Q1 (EURO)*
KEY FIGURES Q1 (USD)*
|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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