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

HAPAG-LLOYD AKTIENGESELLSCHAFT

(HLAG)
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Delayed Quote. Delayed Xetra - 05/29 11:36:14 am
86.5 EUR   -3.67%
05/28HAPAG-LLOYD : Berenberg remains Neutral
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05/26HAPAG-LLOYD : Jefferies reiterates its Sell rating
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05/18HAPAG-LLOYD : Deutsche Bank remains Neutral
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Container shipping firms brace for coronavirus hit to trade

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03/20/2020 | 06:28am EDT
A Hapag Lloyd container ship sails across the Gulf of Suez Canal, in El Ain El Sokhna in Suez, east of Cairo

Leading container shipping firm A.P. Moller-Maersk scrapped its 2020 earnings forecast on Friday, while rival Hapag-Lloyd warned of slowing growth until at least June, as the coronavirus pandemic takes a heavy toll on global trade.

The container shipping industry, a bellwether for international trade, has been blown off course by the new virus, which brought parts of China to a standstill before spreading around the world, leading container lines to re-route cargoes and reduce calls to Chinese ports.

Despite lower volume growth, Maersk still expects to make higher first-quarter earnings than a year ago thanks to savings and steps to offset the higher cost of low-sulphur fuel, it said, sending its battered shares more than 7% higher by 1045 GMT.

However, the Danish company, which handles one in every five containers shipped by sea worldwide, scrapped its 2020 earnings guidance due to uncertainty over the affects of the pandemic.

Smaller German rival Hapag-Lloyd said the outbreak would curb business growth at least until the middle of the year, but that falling fuel costs should help lessen financial impact on the company, which has set aside funds to help cope with the crisis.

Analysts said they were reassured that Maersk was keeping its dividend and share buy-back programme - shareholder rewards that have been sacrificed by many other companies.

Hapag shares also rose around 7% in a rallying stock market after reporting a jump in 2019 profit and proposing a higher dividend.

Hapag CEO Rolf Habben Jansen said the impact of the pandemic was impossible to determine for the time being, but the company was preparing for a blow to trade.

But there could be upside if the crisis is followed by a sudden restocking, he told reporters. In addition, he said, it was positive that order books for new vessels were historically low and few ships were idle.

While China, where the virus emerged, and other Asian countries have started to recover probably faster than some had expected, other continents are now more affected.

Analysts at Fearnley Securities warned container shipping volumes probably would weaken in the second and third quarter as the Western hemisphere becomes the focus of the outbreak.

By Vera Eckert and Stine Jacobsen

Stocks mentioned in the article
ChangeLast1st jan.
A.P. MØLLER - MÆRSK A/S -0.46% 6550 Delayed Quote.-31.83%
HAPAG-LLOYD AKTIENGESELLSCHAFT -3.67% 86.5 Delayed Quote.13.07%
WORLD CO., LTD. -3.03% 1567 End-of-day quote.-41.77%
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Latest news on HAPAG-LLOYD AKTIENGESELLSC
05/28HAPAG-LLOYD : Berenberg remains Neutral
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Financials
Sales 2020 11 277 M 12 525 M 12 525 M
Net income 2020 -178 M -198 M -198 M
Net Debt 2020 5 401 M 5 998 M 5 998 M
P/E ratio 2020 -84,5x
Yield 2020 0,38%
Capitalization 15 203 M 16 902 M 16 886 M
EV / Sales 2019
EV / Sales 2020 1,83x
Nbr of Employees 13 106
Free-Float 28,7%
Chart HAPAG-LLOYD AKTIENGESELLSCHAFT
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Technical analysis trends HAPAG-LLOYD AKTIENGESELLSC
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 12
Average target price 38,68 €
Last Close Price 86,50 €
Spread / Highest target -22,5%
Spread / Average Target -55,3%
Spread / Lowest Target -71,1%
EPS Revisions
Managers
NameTitle
Rolf Habben Jansen Chief Executive Officer
Michael Behrendt Chairman-Supervisory Board
Maximilian Rothkopf Chief Operating Officer
Mark Frese Chief Financial Officer
Karl Gernandt Deputy Chairman-Supervisory Board