DGAP-News: Hapag-Lloyd AG / Key word(s): Preliminary Results Hapag-Lloyd AG: Hapag-Lloyd reports operating profit in 2016 28.02.2017 / 08:14 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Hamburg, 28 February 2017 Hapag-Lloyd reports operating profit in 2016 Volume up 2.7% / EBITDA reaches EUR 607 million / EBITDA margin at 7.9% / EBIT of EUR 126 million Hapag-Lloyd achieved a positive operating result (EBIT) for 2016. Based on the preliminary unaudited figures earnings before interest, taxes, depreciation of intangible and fixed assets (EBITDA) reached EUR 607 million (2015: EUR 831.0 million) and the operating result (EBIT) EUR 126 million (2015: EUR 366.4 million) in 2016. The EBITDA margin is 7.9%. In the 4th Quarter Hapag-Lloyd was able to increase EBITDA compared to 4th Quarter of the previous year to EUR 226 million (Q4 2015: EUR 140.4 million) and EBIT to EUR 100 million (Q4 2015: EUR 17.8 million). Due to a significantly lower average freight rate in 2016 of 1,036 USD/TEU (2015: 1,225 USD/TEU) revenue decreased to EUR 7.7 billion (2015: EUR 8.8 billion). At the same time, Hapag-Lloyd increased the transport volume by 2.7% to 7.6 million TEU (2015: 7.4 million TEU). Transport costs declined by 12.3% to EUR 6.4 billion (2015: EUR 7.3 billion) mainly driven by a lower average bunker consumption price of USD 210/tonne (2015: USD 312/ tonne) as well as synergies from the integration of CSAV's container shipping business and cost saving programs including improved fuel efficiency. The average USD/EUR exchange rate remained nearly stable at 1.10 USD/EUR compared to 1.11 USD/EUR in 2015. As at the 31 December 2016 financial year-end date, Hapag-Lloyd had EUR 5.1 billion (2015: EUR 5.0 billion) in equity and a liquidity reserve (cash, cash equivalents and unused credit facilities) of EUR 760 million (2015: EUR 962.4 million). Net debt amounted to EUR 3,592 million (2015: EUR 3,334 million). All results are preliminary. The final full year 2016 group financial statements and the annual report 2016 will be published on 24 March 2017. SUMMARY OF HAPAG-LLOYD KEY FIGURES Preliminary and unaudited 2016 results (in EUR) 2016 2015 Transport volume (TTEU) 7,599 7,401 Freight rate (USD/TEU) 1,036 1,225 Revenue (million EUR) 7,734 8,842 EBITDA (million EUR) 607 831.0 EBIT (million EUR) 126 366.4 EBITDA margin 7.9% 9.4% EBIT margin 1.6% 4.1% Preliminary and unaudited 2016 results (in USD) 2016 2015 Revenue (million USD) 8,546 9,814 EBITDA (million USD) 671 922.4 EBIT (million USD) 140 406.7 Annual average exchange rate USD/EUR 1.10 1.11 Year-end exchange rate USD/EUR 1.06 1.09 About Hapag-Lloyd With a fleet of 166 modern container ships and a total transport capacity of 963,000 TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. The Company has around 9,400 employees at 366 sites in 121 countries. Hapag-Lloyd has a container capacity of 1.6 million TEU - including one of the largest and most modern fleets of reefer containers. A total of 128 liner services worldwide ensure fast, reliable connections between all the continents. Hapag-Lloyd is one of the leading operators in the Transatlantic, Latin America and Intra-America trades. --------------------------------------------------------------------------- 28.02.2017 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: [email protected] Internet: www.hapag-lloyd.com ISIN: DE000HLAG475, USD33048AA36 WKN: HLAG47, A1E8QB Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 547987 28.02.2017