German carrier, Hapag-Lloyd, has achieved a Group EBITDA of $5 billion in the 2024 financial year.
The Group EBIT also slightly improved compared to the prior year, to $2.8 billion. Both key figures are in the upper range of the adjusted earnings forecast published in October 2024.
The increases can primarily be attributed to higher transport volumes combined with a stable average freight rate, which stood at 1,492 USD/TEU and remained at the prior-year level (2023: 1,500 USD/TEU).
Revenues rose to $20.7 billion, particularly owing to stronger demand for container transport.
Transport volumes increased by roughly 5 per cent, to 12.5 million TEU – despite the rerouting of ships via the Cape of Good Hope due to the security situation in the Red Sea and the associated longer voyage times.
READ: Hapag-Lloyd takes profit hit at $1.8 billion
Hapag-Lloyd will publish its 2024 Annual Report with the audited financial figures and an outlook for the current financial year on 20 March 2025.
Late last year, Hapag-Lloyd launched a new office in Kampala, Uganda’s capital.
