Hapag-Lloyd surprises by quadrupling operating profit

Bigger volumes, improved freight rates and a stronger dollar contributed to Hapag-Lloyd more than quadrupling its operating result in the first quarter.

Photo: PR-foto/Hapag-Lloyd

Container liner Hapag-Lloyd more than quadrupled its operating result in the first quarter compared to the same period last year.

Earnings before interest and taxes (EBIT) increased to EUR 214 million from EUR 51 million in the same period last year, which was somewhat higher than analyst estimates reported by Bloomberg News of EUR 172.3 million.

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