DGAP-News: Hapag-Lloyd AG / Key word(s): Quarterly / Interim Statement/Quarter Results 
Hapag-Lloyd with a strong start to the year in first quarter 
2021-05-12 / 07:25 
The issuer is solely responsible for the content of this announcement. 
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Hapag-Lloyd with a strong start to the year in first quarter 
- Significant increase in result compared to previous year 
- Transport volume slightly below prior-year level 
- Outlook for 2021 confirmed 
Hapag-Lloyd has concluded the first quarter of 2021 with earnings before interest, taxes, depreciation and amortisation 
(EBITDA) of roughly USD 1.9 billion (approximately EUR 1.6 billion). Earnings before interest and taxes (EBIT) rose to 
roughly USD 1.5 billion (approximately EUR 1.3 billion). The Group net result improved to around USD 1.5 billion (EUR 
1.2 billion). 
"On the back of the high demand for container transports, we have benefited from better freight rates, especially in 
the spot market. On top of that, bunker prices have been lower than in 2020. As a result, we concluded the first 
quarter with a very positive financial result and look back overall on a solid start to the year," said Rolf Habben 
Jansen, CEO of Hapag-Lloyd. 
Revenues increased in the first quarter of 2021 by around 33 percent, to roughly USD 4.9 billion (approximately EUR 4.1 
billion), particularly due to a higher average freight rate, which increased by approximately 38 percent to reach 1,509 
USD/TEU (Q1 2020: 1,094 USD/TEU). Nevertheless, due to the demand-related congestion of port and hinterland 
infrastructures in many places as well as to a resulting shortage of freely available ships and containers, the 
transport volume was slightly below the level of the same quarter of the prior year, at roughly 3.0 million TEU (Q1 
2020: approximately 3.1 million TEU), or minus 2.6 percent. On the other hand, a roughly 27 percent lower average 
bunker consumption price, which amounted to USD 384 per tonne in the first three months of the 2021 financial year (Q1 
2020: USD 523 per tonne), had a positive impact on earnings. 
Hapag-Lloyd expects that the EBITDA and EBIT for the current 2021 financial year as a whole will clearly surpass the 
prior-year level. While the positive earnings trend is likely to continue in the second quarter of 2021, a gradual 
normalisation is currently expected in the second half of the year. However, this forecast remains subject to 
considerable uncertainty due to a number of factors, including: the above-average volatility of freight rates at this 
time; operational challenges, such as infrastructural bottlenecks; and the inability to predict the future course or 
economic impacts of the COVID-19 pandemic. 
Rolf Habben Jansen: "While we remain optimistic for 2021 as a whole, the ramifications of the COVID-19 pandemic and the 
congested supply chains continue to present a huge challenge to all market participants. We will do everything in our 
power to help normalise this difficult market environment as quickly as possible and make as much capacity available as 
possible. We will also double down on our efforts to provide the best possible service quality to our customers - as we 
know that we can and must still do better on that front - and we will continue to implement our Strategy 2023." 
The financial report for the first quarter of 2021 is available online at: 
https://www.hapag-lloyd.com/en/ir/publications/financial-report.html 
 
 
KEY FIGURES (USD)* 
                                Q1 2021 Q1 2020 Q1 2021 versus 
                                                   Q1 2020 
Transport volume (TTEU)          2,975   3,053      -2.6% 
Freight rate (USD/TEU)           1,509   1,094      37.9% 
Revenues (USD million)           4,903   3,684      1,219 
EBITDA (USD million)             1,909    517       1,392 
EBIT (USD million)               1,539    176       1,363 
EBITDA margin                    38.9%   14.0%     24.9 Ppt 
EBIT margin                      31.4%   4.8%      26.6 Ppt 
Group net result (USD million)   1,451    27        1,423 KEY FIGURES (EURO)* 
                                        Q1 2021 Q1 2020 Q1 2021 versus 
                                                           Q1 2020 
Revenues (EUR million)                   4,067   3,343       724 
EBITDA (EUR million)                     1,584    469       1,115 
EBIT (EUR million)                       1,277    160       1,117 
Group net result (EUR million)           1,203    25        1,179 
Annual average exchange rate (USD/EUR)   1.21    1.10        0.10 
End of period exchange rate (USD/EUR)    1.17    1.10        0.08

* In individual cases, rounding differences may occur in the tables for computational reasons. About Hapag-Lloyd With a fleet of 241 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 13,300 employees and 395 offices in 131 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. 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 -----------------------------------------------------------------------------------------------------------------------

2021-05-12 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:  1195531 
 
End of News   DGAP News Service 
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1195531 2021-05-12


 
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May 12, 2021 01:26 ET (05:26 GMT)