Hapag Lloyd : publishes preliminary earnings figures for the first half-year 2020
July 15, 2020 at 09:30 am
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DGAP-Ad-hoc: Hapag-Lloyd AG / Key word(s): Preliminary Results
Hapag-Lloyd AG publishes preliminary earnings figures for the first half-year 2020
15-Jul-2020 / 10:27 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Hamburg, 15 July 2020
Hapag-Lloyd AG publishes preliminary earnings figures for the first half-year 2020
Hapag-Lloyd AG herewith publishes preliminary earnings figures for the first half-year 2020. Accordingly, the key performance indicators EBITDA and EBIT, amounting to approximately EUR 1,150 million (EBITDA) and approximately EUR 500 million (EBIT) in the first half-year 2020, are above the respective previous year figures (EBITDA H1 2019: EUR 956 million / EBIT H1 2019: EUR 389 million).
For the financial year 2020, the earnings forecast of an EBITDA of EUR 1.7 to 2.2 billion and an EBIT of EUR 0.5 to 1.0 billion remains unchanged. Against the background of the still prevailing high risks with regard to the spread of the COVID-19 pandemic and the related economic consequences the forecast is subject to significant uncertainties.
The final figures for the first half-year 2020 will be published as planned on August 14, 2020.
Explanatory notes relating to the performance measures EBITDA and EBIT referred to herein can be found in the annual report 2019, available at: https://www.hapag-lloyd.com/en/ir/publications/financial-report.html
Contact:
Heiko Hoffmann
Senior Director Investor Relations
Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Phone +49 40 3001-2896
Fax +49 40 3001-72896
Mobile +49 172 875-2126
15-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Hapag-Lloyd AG
Ballindamm 25
20095 Hamburg
Germany
Phone:
+49 (0) 40 3001 - 2896
Fax:
+49 (0) 40 3001 - 72896
E-mail:
ir@hlag.com
Internet:
www.hapag-lloyd.com
ISIN:
DE000HLAG475
WKN:
HLAG47
Listed:
Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
Hapag Lloyd AG is a Germany-based company primarily engaged in the marine freight and logistics sector. The Company focuses on providing liner services between all continents. Its fleet comprises container vessels with capacity up to 10,500 twenty-foot equivalent units (TEU). Its products and services include e-business solutions, security information services, special cargo services, reefer solutions, customs clearance, as well as US flag services, among others. The Company also offers online tracing services for its clients. It operates worldwide in over 100 countries.