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

HAPAG-LLOYD AKTIENGESELLSCHAFT

(HLAG)
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PRESS RELEASE : Hapag-Lloyd significantly improves operating result in 2020

01/27/2021 | 01:29am EST
DGAP-News: Hapag-Lloyd AG / Key word(s): Preliminary Results 
Hapag-Lloyd significantly improves operating result in 2020 
2021-01-27 / 07:27 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Hamburg, 27 January 2021 
Hapag-Lloyd significantly improves operating result in 2020 
- EBITDA and EBIT significantly higher despite the coronavirus pandemic 
- Freight rate improved, transport volumes slightly below prior-year level 
- Performance Safeguarding Program successfully implemented 
On the basis of preliminary figures, Hapag-Lloyd's earnings before interest, taxes, depreciation and amortisation 
(EBITDA) for the 2020 financial year increased to more than USD 3 billion (approximately EUR 2.7 billion). Earnings 
before interest and taxes (EBIT) rose to around USD 1.5 billion (approximately EUR 1.3 billion). Both key figures are 
therefore in line with the most recently published earnings forecast for the 2020 financial year. The main drivers of 
these positive business developments have been improved freight rates and lower bunker prices as well as cost savings 
of roughly USD 500 million resulting from the successful implementation of the Performance Safeguarding Program. The 
EBIT also includes one-off expenses in Q4 2020 of around USD 140 million (approximately EUR 120 million), mainly 
related to fleet optimisation. 
Revenues increased in the 2020 financial year by roughly 3 percent, to USD 14.6 billion (approximately EUR 12.8 
billion). This is caused by an improved average freight rate of 1,115 USD/TEU (2019: 1,072 USD/TEU) whereas transport 
volumes were slightly below the level of the previous year at 11.8 million TEU (2019: 12.0 million TEU) or minus 1.6 
per cent. 
Hapag-Lloyd will publish its 2020 Annual Report with the audited financial figures and an outlook for the current 
financial year on 18 March 2021. 
Explanatory notes relating to the performance measures EBITDA and EBIT referred to herein can be found in the 2019 
Annual Report: 
https://www.hapag-lloyd.com/en/ir/publications/financial-report.html 
PRELIMINARY KEY FIGURES (USD) 
                        Q4 2020 Q4 2019 2020  2019  2020 versus 
                                                       2019 
Transport volume          3.1     3.0   11.8  12.0     -0.2 
(TEU million) 
Freight rate (USD/TEU)   1,163   1,062  1,115 1,072     43 
Revenues (USD billion)    4.1     3.5   14.6  14.1      0.5 
EBITDA (USD billion)      1.0     0.5    3.1   2.2      0.9 
EBIT (USD billion)        0.5     0.2    1.5   0.9      0.6 

PRELIMINARY KEY FIGURES (EURO)

                                       Q4 2020 Q4 2019 2020 2019 2020 versus 
                                                                    2019 
Revenues (EUR billion)                   3.4     3.1   12.8 12.6     0.2 
EBITDA (EUR billion)                     0.9     0.5   2.7  2.0      0.7 
EBIT (EUR billion)                       0.5     0.2   1.3  0.8      0.5 
Annual average exchange rate (USD/EUR)  n.a.    n.a.   1.14 1.12    0.02 
End of period exchange rate (USD/EUR)   n.a.    n.a.   1.23 1.12    0.11 

About Hapag-Lloyd With a fleet of 234 modern container ships and a total transport capacity of 1.7 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. The Company has around 13,200 employees and 388 offices in 129 countries. Hapag-Lloyd has a container capacity of approximately 2.7 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. Disclaimer 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. Contact: Heiko Hoffmann Senior Director Investor Relations Hapag-Lloyd AG Ballindamm 25 20095 Hamburg Phone +49 40 3001-2896 Fax +49 40 3001-72896 Mobile +49 172 875-2126 -----------------------------------------------------------------------------------------------------------------------

2021-01-27 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Hapag-Lloyd AG 
              Ballindamm 25 
              20095 Hamburg 
              Germany 
Phone:        +49 (0) 40 3001 - 2896 
Fax:          +49 (0) 40 3001 - 72896 
E-mail:       ir@hlag.com 
Internet:     www.hapag-lloyd.com 
ISIN:         DE000HLAG475 
WKN:          HLAG47 
Listed:       Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange 
EQS News ID:  1163496 
 
End of News   DGAP News Service 
=------------ 

1163496 2021-01-27

(END) Dow Jones Newswires

January 27, 2021 01:28 ET (06:28 GMT)

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Financials
Sales 2020 12 459 M 15 039 M 15 039 M
Net income 2020 870 M 1 051 M 1 051 M
Net Debt 2020 4 399 M 5 310 M 5 310 M
P/E ratio 2020 24,1x
Yield 2020 1,39%
Capitalization 21 408 M 25 902 M 25 841 M
EV / Sales 2020 2,07x
EV / Sales 2021 1,82x
Nbr of Employees 13 174
Free-Float 26,5%
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Average target price 100,16 €
Last Close Price 121,80 €
Spread / Highest target 14,9%
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Spread / Lowest Target -54,0%
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Managers and Directors
NameTitle
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