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09 August 2020 The on-line newspaper devoted to the world of transports 13:22 GMT+2

July 16, 2020

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Hapag-Lloyd expects values to rise sharply EBITDA and EBIT in the second quarter

They should be around 680 million and 340 million euros

Despite the effects of the worldwide spread of pandemic of coronavirus, the German shipping company Hapag-Lloyd plans to close the second quarter of this year with a sharp increase in gross operating margin values and operating result. The shipping company plans to register EBITDA of 1.15 billion euros in the first half of 2020, an increase of 20% compared to EUR 956 million in the first half of last year, and with an operating profit of 500 million euros, up 28%.

Based on these preliminary figures, EBITDA for second quarter of 2020 is expected to be around 680 million eur 46% increase over the April-June period of the year. EBIT is expected to be EUR 340 million, with a 94% increase on the second quarter of last year.

Hapag-Lloyd also announced that the full-year 2020 forecast, with EBITDA expected to be between 1.7 and 2.2 billion euros and an operating profit between 0.5 billion and 1.0 billion euros.

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