Hapag-Lloyd expects to surpass last year's result in 2021

Hapag-Lloyd is doing so well that the German container line now expects the 2021 operating income to "clearly surpass" last year's result. This is, however, conditioned on volumes continuing to grow and average freight rates staying higher than in 2020.

Photo: PR / Hapag-Lloyd

Hapag-Lloyd, which announced its acquisition of Dutch container line NileDutch yesterday, is optimistic about the container market and expects both its 2021 EBIT and EBITDA to "clearly surpass" that of 2020, writes Hapag-Lloyd in a press release, in which the container line confirms its previously published full-year interim figures from January.

In 2020, Hapag-Lloyd thus landed an operating result (EBITDA) of more than USD 3 billion and a result before tax and special items (EBIT) of nearly USD 1.5 billion.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

New Pacific Basin CEO presents strategy in first public appearance

Martin Fruergaard has presented his key strategy in his first public appearance as the new CEO of Hong Kong-based Pacific Basin. The dry bulk operator has posted unusually strong half-year results on the back of a market upturn that by all appearances has only just begun.

Finnlines sees gains despite Covid-19 restrictions

Ferry and RoRo operator Finnlines saw growth in several areas in the second quarter of the years although the Covid-19 continues to put pressure on the passenger business. Larger cargo volumes helped boost the revenue.

Further reading

Related articles

Trial banner

Latest news

See all jobs