DGAP-News: Hapag-Lloyd AG / Key word(s): Half Year Results/Interim Report
Hamburg, 7 August 2019
"Thanks to higher transport volumes in our core trades, good cost control and slightly better freight rates, we can look back on a good first half year. This also allowed us to redeem additional debt through the early repayment of a senior note," said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd.
Revenues increased in the first half year to EUR 6.2 billion (H1 2018: EUR 5.4 billion), the transport volume rose by 2 percent to 5,966 TTEU (H1 2018: 5,848 TTEU), and the average freight rate climbed by 5 percent to 1,071 USD/TEU (H1 2018: 1,020 USD/TEU). In contrast, higher bunker prices of USD 429 per tonne had a negative impact on the result (H1 2018: USD 385 per tonne).
Rolf Habben Jansen: "After a solid first half of 2019, our outlook remains unchanged, even if we have to deal with more trade restrictions and see increasing geopolitical risk, which of course could impact growth. In the second half of the year, we will continue implementing our Strategy 2023 in our efforts to become the number one for quality."
The report for the first half year 2019 is available online at:
KEY FIGURES (EURO)*
* Due to the first-time application of the reporting standards IFRS 16 as of 1 January 2019, the results of the second quarter and first half year 2019 (including first-time application of IFRS 16) can only be compared to a limited extent with the results of the second quarter and first half year 2018 (excluding first-time application of IFRS 16). In individual cases, rounding differences may occur in the tables for computational reasons.
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07.08.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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