Hapag-Lloyd Publishes Semi-Annual Preliminary Data and Enhances 2021 Earnings Outlook
Aug, 03, 2021 Posted by Ruth HollardWeek 202131
Based on preliminary figures, Hapag-Lloyd expects an EBITDA of approximately US$4.2 billion (approximately EUR 3.5 billion) for the first half of 2021 compared to approximately US$1.3 billion (approximately EUR 1.2 billion) in the previous year period. At the same time, EBIT is expected to be approximately $3.5 billion (about EUR 2.9 billion) compared to approximately $0.6 billion (about EUR 0.5 billion) in the first half of 2020.
The global demand for container transport remains at a high level. However, operational disruptions along the entire supply chain continue to cause significant delays and thus contribute to transport capacity shortages. Hapag-Lloyd therefore expects earnings momentum to remain very strong in the second half of the financial year. Previously, a gradual normalization of the earnings trend was expected for the second half of the year.
Source: Ports Newsletter
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