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    HLAG   DE000HLAG475


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Hapag Lloyd : inaugurates its own representation in Morocco

09/16/2021 | 04:12am EDT
Hapag-Lloyd inaugurates its own representation in Morocco

Hapag-Lloyd today opens its own offices in Morocco. With this additional presence in the country, the company continues to realize its growth ambitions in the most attractive markets of North Africa.

Morocco, being an important platform for the export of fresh produce, is part of Hapag-Lloyd's development strategy in the refrigerated container transport sector. Morocco exports also minerals, chemicals, textiles, and food products, especially to European countries. Imports consist mainly of electronics, spare parts, and food products.

Morocco is perfectly connected to the global Hapag-Lloyd network by the port of Tanger-Med, which is a strategically important port for the entire logistics industry. Last year, Hapag-Lloyd acquired a 10% stake in container terminal 3 (TC3) at the port of Tanger-Med 2.

'The Moroccan economy has grown steadily over the last years. Many Moroccan customers have already experienced Hapag-Lloyd´s services. With the opening of our new representation in the country, we strive to meet customers´ requirements for proximity and quality of service', says Juan Pablo Richards, Senior Managing Director Region South Europe of Hapag-Lloyd.

Hapag-Lloyd's presence in Morocco is achieved through three offices with the headquarter being Casablanca and two satellite offices in both Tangier and Agadir. 47 shipping experts are looking forward to serving customers all over the country.

Press contact
Nils.Haupt@hlag.com +49 40 3001 - 2263

About Hapag-Lloyd
With a fleet of 250 modern container ships and a total transport capacity of 1.8 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. The Company has around 13,400 employees and 394 offices in 130 countries. Hapag-Lloyd has a container capacity of approximately 2.8 million TEU - including one of the largest and most modern fleets of reefer containers. A total of 121 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Middle East, Latin America and Intra-America trades.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Such statements are based on a number of assumptions, estimates, projections or plans that are inherently subject to significant risks, uncertainties and contingencies. Actual results can differ materially from those anticipated in the Company's forward-looking statements.


Hapag-Lloyd AG published this content on 16 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 08:11:01 UTC.

ę Publicnow 2021
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Sales 2021 19 747 M 22 884 M 22 884 M
Net income 2021 6 634 M 7 689 M 7 689 M
Net cash 2021 1 473 M 1 707 M 1 707 M
P/E ratio 2021 4,71x
Yield 2021 9,37%
Capitalization 32 182 M 37 312 M 37 295 M
EV / Sales 2021 1,56x
EV / Sales 2022 1,71x
Nbr of Employees 13 404
Free-Float 3,60%
Duration : Period :
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Technical analysis trends HAPAG-LLOYD AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 10
Last Close Price 183,10 €
Average target price 167,95 €
Spread / Average Target -8,27%
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Managers and Directors
Rolf Habben Jansen Chief Executive Officer
Mark Frese Chief Financial Officer
Michael Behrendt Chairman-Supervisory Board
Maximilian Rothkopf Chief Operating Officer
Thomas Mansfeld Chief Compliance Officer