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01 April 2020 The on-line newspaper devoted to the world of transports 08:52 GMT+2

March 20, 2020

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Original news
Hapag-Lloyd closed the fourth quarter of 2019 with a Net profit of 77 million euros (up 126%)

Habben Jansen: We will take precautionary financial measures to overcome the Covid-19 emergency

Hapag-Lloyd closed the fourth quarter of 2019 with a net profit of 77 million euros, an increase of 126% on corresponding period of the previous year. Today, the value of assets realized in the last quarter of last year year the German shipping company confirmed the other economic data announced in advance a month ago ( 19 February 2020), specifying that revenues amounted to 3.13 billions (-0.3%), EBITDA at 475 million euros (up 45.3%) And EBIT at 169 million euros, or 17.4%.

Net profit for the full year 2019 amounted to 373 million dollars, up from 711 on the previous year.

Hapag-Lloyd also disclosed the distribution different regions of the world's containerized volumes transported fleet, which in the last quarter of last year 3.03 million teu (up 1.7%). Having the company recently changed the distribution of volumes between the different regions is not possible to compare by area with respect to fourth quarter of 2018. For the whole of 2019, however, Hapag-Lloyd specified that of the 12.04 million teu transported year (1.4%) with an average freight that's 1,072 dollars/teu (up 2.7%), 2.84 million teu been transported by services to Latin America (2.3%) with a average rental, which was USD 1,153/teu (up 1.9%), 2.33 million teu from Services to the Far East (4.2%) with a rental average of 910 dollars/teu (-3.5%), 1.96 million teu from transatlantics (5.6%) with an average rental of 1,389 dollars/teu (-3.9%), 1.95 million teu from trans-Pacific services (-0.8%) With an average rental of USD 1,318/teu (up 3.7%), 1.39 million teu from Services for the Middle East (-2.0%) with an average rental of 744 dollars/teu (-2.4%), 900,000 teu from intra-Asian services (-13.1%) with an average rental of 541 dollars/teu (up 5.9%) and 676 thousand teu dai services for Europe, the Mediterranean and Africa (13.6%) with a average rental of USD 1,046/teu (up 8.2%).

Explaining the company's prospects for 2020 Hapag-Lloyd's CHIEF executive, Rolf Habben Jansen, focused on the effects that the worldwide spread of Covid-19 virus is having on shipping: "2020 - has observed -- it will be a very atypical year having witnessed the in many markets conditions have changed a lot rapid due to the coronavirus outbreak. After the shock Habben Jansen pointed out that markets in China and other Asian countries have started to recover probably faster than many feared, but now so did the others continents are affected and the effects will be significant. In the coming weeks and months -- he announced -- there we'll focus primarily on the three things that matter to us more: the safety and health of our staff, the maintaining our customers' supply chains and precautionary financial measures to withstand storm if it lasts longer than expected."

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