Hapag-Lloyd posted earnings growth in the first half year of 2022, securing an Earnings Before Interest Taxes and Depreciation (EBITDA) of $10.9 billion.
Group Earnings Before Interest and Taxes (EBIT) is around $9.9 billion for 1H 2021. This is a threefold increase on the first half of 2021.
The transport volume of around 6 million TEU was at the level of the first half of the previous year, Hapag-Lloyd wrote.
Drivers behind the soaring earnings included the average freight rate increasing by some 80 per cent.
“Based on current business performance, the second half year should also exceed previous expectations,” Hapag-Lloyd wrote.
The Executive Board of Hapag-Lloyd AG has raised its earnings outlook for the financial year to be in the range of $19.5 billion to $21.5 billion – a staggering surge from April’s prediction of $12.5 billion to $14.5 billion.
In view of the war in Ukraine, the continuing disruptions to global supply chains and the effects of the COVID-19 pandemic, the forecast is subject to considerable uncertainty.
The final business figures for the first half year of 2022 will be published as planned on 11 August 2022.The company achieved revenues of $26.4 billion in 2021.
