Financials Hapag-Lloyd AG

Equities

HLAG

DE000HLAG475

Marine Freight & Logistics

Market Closed - Xetra Other stock markets 11:36:21 2025-07-08 am EDT			Pre-market 02:41:09 am
127.50 ^EUR	+0.55%		128.65	+0.90%

Jul. 03	HAPAG-LLOYD : Receives a Sell rating from JP Morgan	ZD
Jun. 25	Study: Volume of goods will decline, but value will increase	DP

Projected Income Statement: Hapag-Lloyd AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	12,772	23,789	34,543	17,930	19,112	17,700	17,228	17,818
Change	-	86.25%	45.21%	-48.1%	6.59%	-7.39%	-2.66%	3.42%
EBITDA ¹	2,700	11,591	19,184	4,461	4,649	3,041	3,043	2,970
Change	-	329.24%	65.51%	-76.75%	4.22%	-34.59%	0.07%	-2.39%
EBIT ¹	1,315	10,029	17,435	2,516	2,578	1,160	1,007	1,064
Change	-	662.53%	73.85%	-85.57%	2.5%	-55.01%	-13.16%	5.62%
Interest Paid ¹	-347.5	-266.5	-229.7	-242.3	-316.8	-371.6	-332.7	-334.1
Earnings before Tax (EBT) ¹	981.3	9,146	17,243	3,035	2,622	1,098	976.3	800.3
Change	-	832.06%	88.53%	-82.4%	-13.61%	-58.14%	-11.04%	-18.03%
Net income ¹	926.8	9,075	17,030	2,935	2,386	883.5	792.9	709.3
Change	-	879.14%	87.67%	-82.76%	-18.73%	-62.96%	-10.26%	-10.54%
Announcement Date	3/18/21	3/10/22	3/1/23	3/14/24	3/19/25	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1
Net sales ¹	3,017	3,002	3,410	4,029	4,686	6,245	7,592	7,977	8,993	9,741	7,832	5,492	4,417	4,099	3,794	3,920	4,544	5,257	5,051	5,052	4,555	4,983	5,049	4,174	3,870	4,057	3,816	4,687
Change	-	-0.5%	13.61%	18.15%	16.29%	33.26%	21.57%	5.07%	12.75%	8.31%	-19.6%	-29.88%	-19.57%	-7.19%	-7.45%	3.31%	15.92%	15.71%	-3.92%	0.01%	-9.83%	9.4%	1.32%	-17.33%	-7.29%	4.83%	-5.94%	22.83%
EBITDA ¹	-	649	882.6	1,569	-	-	-	4,726	5,277	5,634	-	2,167	1,276	679	289.2	798.2	954.2	1,483	1,345	1,048	581.1	676.5	591.5	318.7	104.7	316.5	136.9	658.3
Change	-	-	35.99%	77.75%	-	-	-	-	11.66%	6.77%	-	-	-41.13%	-46.77%	-57.41%	176%	19.55%	55.41%	-9.33%	-22.04%	-44.57%	16.43%	-12.56%	-46.13%	-67.13%	202.18%	-56.75%	380.86%
EBIT ¹	351.5	347	456.9	1,264	-	-	-	-	-	5,155	3,293	1,707	-	204.4	-244	335.5	449.9	971.2	784	462.8	17.92	108.4	19.37	-218.3	-435.9	-217.5	-400.4	137.1
Change	-	-1.28%	31.67%	176.63%	-	-	-	-	-	-	-36.12%	-48.15%	-	-	-219.37%	237.49%	34.11%	115.87%	-19.28%	-40.97%	-96.13%	504.94%	-82.14%	-1,227.42%	-99.66%	50.1%	-84.08%	134.24%
Charge d'intérêts ¹	-81.5	-83.7	-	-	-	-	-	-	-	-	-	-	-101.1	-66	-64.5	-67.4	-79.3	-84	-86.8	-	-118.6	-115	-111.3	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	452.9	-15.7	-70.98	-279	-250	-468.7	-255.7	-443.3	86.22
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-103.47%	-352.13%	-293.09%	10.37%	-87.45%	45.44%	-73.34%	119.45%
Net income ¹	-	250.9	-	-	-	-	-	4,167	-	-	3,268	1,850	1,005	257.6	-215.7	271.2	429.7	954.5	707.7	441.7	-7.296	192.9	221.9	-247.8	-462.1	-253.4	-437.2	81.72
Change	-	-	-	-	-	-	-	-	-	-	-	-43.39%	-45.67%	-74.37%	-183.73%	225.71%	58.47%	122.13%	-25.86%	-37.59%	-101.65%	2,744.31%	15.04%	-211.66%	-86.47%	45.17%	-72.54%	118.69%
Announcement Date	8/14/20	11/13/20	3/18/21	5/12/21	8/12/21	11/12/21	3/10/22	5/12/22	8/11/22	11/10/22	3/1/23	5/11/23	8/10/23	11/9/23	3/14/24	5/14/24	8/14/24	11/14/24	3/19/25	5/14/25	-	-	-	-	-	-	-	-

¹EUR in Million

Estimates

Fiscal Period: December	2022 S1	2024 S1
Net sales ¹	16,970	8,804
Change	-	-48.12%
EBITDA ¹	10,004	1,822
Change	-	-81.79%
EBIT ¹	9,068	813
Change	-	-91.03%
Charge d'intérêts	-	-
Earnings before Tax (EBT)	-	-
Change	-	-
Net income	-	-
Change	-	-
Announcement Date	8/11/22	8/14/24

¹EUR in Million

Estimates

Forecast Balance Sheet: Hapag-Lloyd AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	4,455	-2,226	-12,587	-3,040	-2,629	1,712	1,838	2,582
Change	-	-149.97%	-465.45%	75.85%	13.52%	165.12%	7.36%	40.48%
Announcement Date	3/18/21	3/10/22	3/1/23	3/14/24	3/19/25	-	-	-

¹EUR in Million

Estimates

Cash Flow Forecast: Hapag-Lloyd AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	534.1	1,253	1,441	1,705	2,166	1,892	1,419	1,470
Change	-	134.54%	15%	18.33%	27.09%	-12.66%	-25%	3.56%
Free Cash Flow (FCF) ¹	2,420	9,178	15,438	3,318	2,387	1,296	1,340	1,446
Change	-	279.22%	68.2%	-78.51%	-28.04%	-45.7%	3.37%	7.91%
Announcement Date	3/18/21	3/10/22	3/1/23	3/14/24	3/19/25	-	-	-

¹EUR in Million

Estimates

Forecast Financial Ratios: Hapag-Lloyd AG

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	21.14%	48.73%	55.54%	24.88%	24.33%	17.18%	17.66%	16.67%
EBIT Margin (%)	10.3%	42.16%	50.47%	14.03%	13.49%	6.55%	5.85%	5.97%
EBT Margin (%)	7.68%	38.45%	49.92%	16.93%	13.72%	6.2%	5.67%	4.49%
Net margin (%)	7.26%	38.15%	49.3%	16.37%	12.48%	4.99%	4.6%	3.98%
FCF margin (%)	18.95%	38.58%	44.69%	18.5%	12.49%	7.32%	7.78%	8.12%
FCF / Net Income (%)	261.15%	101.14%	90.65%	113.03%	100.08%	146.73%	169.01%	203.86%
Profitability
ROA	5.91%	43.32%	52.08%	8.67%	7.62%	2.9%	2.48%	0.07%
ROE	13.92%	79.41%	77.33%	12.6%	12.13%	3.87%	3.64%	2.29%
Financial Health
Leverage (Debt/EBITDA)	1.65x	-	-	-	-	0.56x	0.6x	0.87x
Debt / Free cash flow	1.84x	-	-	-	-	1.32x	1.37x	1.79x
Capital Intensity
CAPEX / Current Assets (%)	4.18%	5.27%	4.17%	9.51%	11.34%	10.69%	8.24%	8.25%
CAPEX / EBITDA (%)	19.78%	10.81%	7.51%	38.21%	46.6%	62.22%	46.63%	49.47%
CAPEX / FCF (%)	22.07%	13.65%	9.33%	51.38%	90.74%	145.95%	105.89%	101.63%
Items per share
Cash flow per share ¹	16.48	59.22	110.9	28.25	24.83	19.61	17.15	18.28
Change	-	259.22%	87.35%	-74.54%	-12.1%	-21.04%	-12.52%	6.59%
Dividend per Share ¹	3.5	35	63	9.25	8.2	2.819	2.591	3.053
Change	-	900%	80%	-85.32%	-11.35%	-65.62%	-8.09%	17.83%
Book Value Per Share ¹	38.16	91.86	158.7	106.3	117.5	109.2	106	105.9
Change	-	140.73%	72.72%	-32.98%	10.48%	-7.05%	-2.96%	-0.08%
EPS ¹	5.27	51.63	96.89	16.7	13.57	5.396	4.507	3.666
Change	-	879.7%	87.66%	-82.76%	-18.74%	-60.24%	-16.46%	-18.68%
Nbr of stocks (in thousands)	175,760	175,760	175,760	175,760	175,760	175,760	175,760	175,760
Announcement Date	3/18/21	3/10/22	3/1/23	3/14/24	3/19/25	-	-	-