Financial News

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.

Voltar para 2022

Hapag-Lloyd publishes annual report and announces forecast for the current financial year

DGAP-News: Hapag-Lloyd AG / Key word(s): Annual Report
10.03.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Hapag-Lloyd publishes annual report and announces forecast for the current financial year

- Result significantly higher compared to prior year

- Proposed dividend of EUR 35 per share

- Very successful start to the year - strong result expected for 2022

Hapag-Lloyd published its audited annual report for the 2021 financial year today. In the reporting year, Hapag-Lloyd's EBITDA increased to slightly more than USD 12.8 billion (approximately EUR 10.9 billion). The EBIT rose to USD 11.1 billion (approximately EUR 9.4 billion), and the Group net result improved to around USD 10.8 billion (EUR 9.1 billion). The main drivers of these positive business developments have been significantly improved freight rates resulting from very strong demand for goods exported from Asia.

"We look back on an exceptionally successful year in which we invested massively in modern vessels and new containers. In addition, we have significantly strengthened our financial and asset position. However, transport expenses have unfortunately also risen significantly, mainly due to the bottlenecks in the global supply chains," said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.

Revenues increased to roughly USD 26.4 billion (approximately EUR 22.3 billion). This can mainly be attributed to a higher average freight rate of 2,003 USD/TEU (2020: 1,115 USD/TEU). Transport volumes were roughly on a par with the prior-year level, at 11.9 million TEU (2020: 11.8 million TEU) due to the strained supply chains. At the same time, transport expenses rose very significantly, by 17.1 percent, to USD 12.2 billion (EUR 10.3 billion). This was particularly due to higher bunker prices and charter rates as well as increased demurrage and storage fees.

In 2021, the net debt was completely paid off. At the end of the year, the liquidity stood at roughly USD 8.7 billion (approximately EUR 7.7 billion). It thereby significantly exceeded financial debt, with the result that Hapag-Lloyd had net liquidity of around USD 2.5 billion (EUR 2.2 billion) as of 31 December 2021.

In light of this very successful financial year, the Executive Board and Supervisory Board of Hapag-Lloyd AG have decided to propose to the Annual General Meeting that a dividend of EUR 35 per share be paid out for the 2021 financial year.

Looking ahead, Hapag-Lloyd expects earnings to be very strong in the first half of 2022. Moreover, it anticipates that the strained situation in the global supply chains will ease in the second half of the year, which should lead to a beginning normalisation of earnings. EBITDA is expected to be in the range of USD 12 to 14 billion (EUR 10.7 to 12.4 billion) and EBIT to be in the range of USD 10 to 12 billion (EUR 8.9 to 10.7 billion). However, this forecast remains subject to considerable uncertainty given the ongoing COVID-19 pandemic and current developments in Ukraine.

"The 2022 financial year has gotten off to a successful start for us, but the disruptions in the supply chains have not eased materially yet. In addition to that, we all face the terrible war in Ukraine. We stand united with the international community, have stopped our bookings to and from Russia, and call for de-escalation and peace," Rolf Habben Jansen said, adding: "The safety and well-being of all of our employees continues to be our top priority - and we will also do whatever we can to provide humanitarian support."

The detailed full-year 2021 figures, including explanatory notes relating to the performance measures EBITDA and EBIT referred to herein, can be found in the download section of the digital annual report:


  Q4 2021 Q4 2020 2021 2020 2021 versus
Transport volume (TTEU) 2,892 3,142 11,872 11,838 34
Freight rate (USD/TEU) 2,577 1,163 2,003 1,115 889
Revenues (USD million) 8,411 4,052 26,356 14,577 11,779
EBITDA (USD million) 4,679 1,038 12,842 3,082 9,760
EBIT (USD million) 4,173 536 11,111 1,501 9,610
EBITDA margin 55.6% 25.6% 48.7% 21.1% 27.6 Ppt
EBIT margin 49.6% 13.2% 42.2% 10.3% 31.9 Ppt
Group net result (USD million) 4,095 463 10,750 1,068 9,683


  Q4 2021 Q4 2020 2021 2020 2021 versus
Revenues (EUR million) 7,275 3,410 22,274 12,772 9,501
EBITDA (EUR million) 4,030 883 10,853 2,700 8,152
EBIT (EUR million) 3,591 457 9,390 1,315 8,075
Group net result (EUR million) 3,523 397 9,085 935 8,150
Annual average exchange rate (USD/EUR) n.a. n.a. 1.18 1.14 0.04
End of period exchange rate (USD/EUR) n.a. n.a. 1.13 1.23 -0.10

* In individual cases, rounding differences may occur in the tables for computational reasons.

About Hapag-Lloyd
With a fleet of 253 modern container ships and a total transport capacity of 1.8 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. The Company has around 14,100 employees and 421 offices in 137 countries. Hapag-Lloyd has a container capacity of approximately 3.1 million TEU - including one of the largest and most modern fleets of reefer containers. A total of 126 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, uncertainties and contingencies. Actual results can differ materially from those anticipated in the Company's forward-looking statements.


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

10.03.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at

show this
Back to Top