14.11.2016
Hapag-Lloyd AG DE000HLAG475
DGAP-News: Hapag-Lloyd AG: Hapag-Lloyd achieves net profit in third quarter
DGAP-News: Hapag-Lloyd AG / Key word(s): 9-month figures
Hapag-Lloyd AG: Hapag-Lloyd achieves net profit in third quarter
14.11.2016 / 14:21
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Net profit of EUR 8.2 million in Q3 / Positive operating result after nine
months / Transport volume up 1.3% / Average freight rate decreases by
17.7% / Transport expenses reduced by 14.2% / Main focus going forward on
further cost optimization, start of THE Alliance and completion of
transaction with UASC
Hapag-Lloyd closed the third quarter with a net profit of EUR 8.2 million
(previous year: EUR 3.2 million) and an operating result (EBIT) of EUR 65.6
million (previous year: EUR 80.9 million). Hapag-Lloyd was able to generate
a positive operating result of EUR 25.9 million in the first nine months of
2016.
"The market has been very difficult so far this year, but in that
environment Hapag-Lloyd has performed relatively well, which underlines our
competitiveness, and we are pleased to report a net profit in the third
quarter" said Rolf Habben Jansen, CEO of Hapag-Lloyd. "The overall results
so far this year remain unsatisfactory, but the net profit in Q3 indicates
that we are on the right track and that our efforts to further reduce costs
and to leverage economies of scale are paying off. Our main focus for the
upcoming quarters will be to further optimize our cost position, ensure a
smooth implementation of THE Alliance and to complete the transaction with
UASC, to further solidify our position in this consolidating industry'',
said Rolf Habben Jansen.
In the first nine months of 2016, Hapag-Lloyd transported a total of 5.65
million TEU, around 1.3% more than in the prior year period. The average
freight rate fell sharply, decreasing by 17.7% year on year in the period
from January to September to
USD 1,037/TEU. The decline was partly due to a fall in bunker prices
compared with the previous year, but also due to prevailing overcapacity in
the main trades combined with modest demand growth. Hapag-Lloyd's average
bunker consumption price came to USD 195/tonne in the first nine months of
2016, and was thereby USD 138 below the previous year's figure.
The substantially lower rate level had a noticeable impact on the Company's
revenue of EUR 5.7 billion in the first nine months of 2016, which was
approx. EUR 1.1 billion down on the previous year. At the same time
transport expenses also fell considerably by EUR 787.7 million, or 14.2%,
to just under EUR 4.8 billion in the same period. EBITDA came to EUR 381.3
million in the first nine months of 2016 (previous year: EUR 690.6
million), while EBIT totalled EUR 25.9 million (previous year: EUR 348.6
million). The net result of EUR -133.9 million for the first nine months
was dominated by the disappointing result development in the first two
quarters of the current year.
As at 30 September 2016, Hapag-Lloyd had an equity ratio of 44.6% and a
liquidity reserve totalling EUR 559.2 million.
SUMMARY OF HAPAG-LLOYD KEY FIGURES
Q3 2016 Q3 2015 9M 2016 9M 2015 Transport volume 1,947 1,861 5,650 5,579 (TTEU) Freight rate 1,027 1,189 1,037 1,260 (USD/TEU) Revenue (million 1,928 2,137 5,714 6,806 EUR) EBITDA (million 184.6 197.3 381.3 690.6 EUR) EBIT 65.6 80.9 25.9 348.6 (million EUR) Net profit 8.2 3.2 -133.9 160.4 (million EUR) EBITDA margin 9.6% 9.2% 6.7% 10.1% EBIT margin 3.4% 3.8% 0.5% 5.1%About Hapag-Lloyd With a fleet of 166 modern container ships and a total transport capacity of 953,000 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 1.5 million TEU - including one of the largest and most modern fleets of reefer containers. A total of 125 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. --------------------------------------------------------------------------- 14.11.2016 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 --------------------------------------------------------------------------- 520429 14.11.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Hapag-Lloyd AG ISIN: DE000HLAG475 können Sie bei EQS abrufen
Logistik/Verkehr , HLAG47 , HLAG , XETR:HLAG