Hapag-Lloyd’s transport volume increased sharply

Q1/2015-results of the Hamburg headquartered container shipping line include first synergies and effects of the cost efficiency programme

Hapag-Lloyd generated a profit in the first three months of this year, and concluded the first quarter with a profit of EUR 128.2 million (prior year period: EUR -119.1 million). EBITDA reached EUR 283.6 million (prior year period: EUR 2.9 million) and the underlying EBIT was EUR 160.5 million (prior year period: EUR -63.2 million).

The sharp increase in profit was achieved in a challenging market environment, with an average freight rate in the first quarter of USD 1,331/TEU. This is down USD 91/TEU year-on-year, but the drop in the average freight rate is largely a result of the consolidation of CSAV’s container business, which had a lower average freight rate than Hapag-Lloyd.

The transport volume totalled almost 1.8 million TEU (previous year: 1.4 million TEU), while revenue came to EUR 2.3 billion in the first three months of the year (prior year period: EUR 1.55 billion), due to the inclusion of CSAV’s container shipping activities in Hapag-Lloyd’s consolidated financial statements.

“This is a pleasing start into the year, in spite of the continued price pressure in many of the trades. This quarter we had support from favourable bunker price and a stronger US dollar, but most importantly this is due to the hard work of all Hapag-Lloyd employees. The results include first synergies from the merger with CSAV’s container business and initial savings from our comprehensive efficiency programme,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.

www.hapag-lloyd.com

Quelle: LogEastics
Portal: www.logistik-express.com