Hapag-Lloyd upgrades 2020 guidance after strong third quarter

Like many others, Hapag-Lloyd is also seeing increased demand and a greater improvement on the heels of the coronavirus crisis than first expected. This development has led to improved volumes and higher revenue, which now causes the carrier to upgrade its full-year guidance.

Photo: PR / Hapag-Lloyd

German container shipping line Hapag-Lloyd upgrades its full-year 2020 guidance.

The group now expects to achieve an operating result before depreciations and amortiaztions (EBITDA) of between EUR 2.4 and 2.6 billion. Previously, the company expected that figure to land somewhere in the range of EUR 1.7-2.2 billion.

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