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MarketScreener Homepage  >  Equities  >  Xetra  >  Hapag-Lloyd AG    HLAG   DE000HLAG475

HAPAG-LLOYD AG

(HLAG)
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Hapag Lloyd : HMM joins THE Alliance

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07/08/2019 | 08:24am EDT

South Korea's biggest container shipping company joins container alliance THE Alliance.

HMM has been in a strategic partnership with Maersk and MSC in the 2M alliance since the beginning of 2017, however never as a full member.

The company's agreement with 2M expires in April 2020, and as late as April this year, HMM's new chief executive Jae-hoon Bae visited Maersk in Copenhagen. However, at the time the company said it was open to extending its partnership with Maersk and MSC. Instead, HMM ended up joining rivalling alliance THE Alliance, which will henceforth include shipping companies Hapag-Lloyd, Ocean Network Express (ONE), Yang Ming and now also HMM.

'HMM is a great fit for THE Alliance as they will provide a number of new and modern vessels, which will help us to deliver better quality and be more efficient - and it will help us also to further reduce our emissions,' says Hapag-Lloyd CEO Rolf Habben Jansen in a press release.

The agreement between the four container liners was signed in Taipei in Taiwan two weeks ago and runs through 2030.

HMM has ordered 12 newbuilds of 23,000 teu each, slated for delivery in the second quarter of 2020. They will be deployed on THE Alliance's routes in the Far East. Additionally, another eight newbuilds of 15,000 teu each are slated for delivery in the second quarter of 2021.

There are three major alliances in the container market: 2M (Maersk and MSC), THE Alliance (Hapag-Lloyd, ONE, Yang Ming and HMM) and Ocean Alliance (Cosco, OOCL, CMA CGM and Evergreen).

© Pakistan Press International, source Asianet-Pakistan

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Financials (EUR)
Sales 2019 12 580 M
EBIT 2019 726 M
Net income 2019 244 M
Debt 2019 5 692 M
Yield 2019 0,81%
P/E ratio 2019 39,7x
P/E ratio 2020 26,1x
EV / Sales2019 1,17x
EV / Sales2020 1,07x
Capitalization 9 069 M
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Technical analysis trends HAPAG-LLOYD AG
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Mean consensus HOLD
Number of Analysts 12
Average target price 34,48  €
Last Close Price 51,10  €
Spread / Highest target -8,02%
Spread / Average Target -32,5%
Spread / Lowest Target -51,1%
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Managers
NameTitle
Rolf Habben Jansen Chief Executive Officer
Michael Behrendt Chairman-Supervisory Board
Anthony James Firmin Chief Operating Officer
Nicolás Burr Garcia de la Huerta Chief Financial Officer
Karl Gernandt Member-Supervisory Board
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