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Hapag-Lloyd in black in 2015 with EUR 114 million net profit

The German container carrier turned a massive 2014 deficit into a full-year profit for 2015, pointing to reduced costs and synergies from the CSAV takeover as key factors. The carrier is well positioned for 2016, says CEO Rolf Habben Jansen.

Hapag-Lloyd benefited from cost-reduction initiatives and synergies gained from the acquisition of Chilean container unit CSAV in 2015, an otherwise all-time low market for the container sector.

The German container carrier delivered a net profit of EUR 114 million in the full year 2015, up from a net deficit of EUR 604 million the year before, according to the company's final annual report, published Wednesday. Revenue grew to EUR 8.8 billion from EUR 6.8 billion in 2014.

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