DGAP-News: Hapag-Lloyd AG: Result significantly up in the first quarter
DGAP-News: Hapag-Lloyd AG / Key word(s): Quarter Results
Hapag-Lloyd AG: Result significantly up in the first quarter
09.05.2019 / 07:30
The issuer is solely responsible for the content of this announcement.
Hamburg, 9 May 2019
Result significantly up in the first quarter
Hapag-Lloyd closed the first quarter of 2019 with a significantly higher operating profit as Earnings before interest and taxes (EBIT) increased to EUR 214 million (Q1 2018: EUR 51 million). The Group net result increased to EUR 96 million (Q1 2018: EUR -34 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to EUR 489 million (Q1 2018: EUR 216 million), also impacted by the first-time application of the reporting standard IFRS 16.
"Thanks to higher transport volumes, better freight rates and a stronger US dollar, we achieved a good result and got the year off to a very decent start," said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd.
Revenues in the first quarter increased by 17% to EUR 3.1 billion (Q1 2018: EUR 2.6 billion) and transport volume rose 2% to 2,929 TTEU (Q1 2018: 2,861 TTEU). The average freight rate improved to 1,079 USD/TEU (Q1 2018: 1,029 USD/TEU), and the result was also positively influenced by a stronger average exchange rate of 1.14 USD/EUR (Q1 2018: 1.23 USD/EUR). In contrast, higher bunker prices of USD 425 per tonne had a negative impact on the quarterly result (Q1 2018: USD 372 per tonne).
Rolf Habben Jansen: "We are cautiously optimistic about 2019 despite slightly dampened forecasts for global economic growth and higher fuel prices. Q1 was in line with our expectations and we believe we can make further progress towards our strategic objectives throughout the rest of the year as we continue to roll-out and implement our Strategy 2023."
The report for the first quarter is available online at:
https://www.hapag-lloyd.com/en/ir/publications/financial-report.html
KEY FIGURES (EURO)*
|
Q1 2019 |
Q1 2018 |
Q1 2019 vs Q1 2018 |
Transport volume
(TTEU) |
2,929 |
2,861 |
68 |
Freight rate (USD/TEU) |
1,079 |
1,029 |
50 |
Revenues
(EUR million) |
3,063 |
2,620 |
443 |
EBITDA
(EUR million) |
489 |
216 |
273 |
EBIT (EUR million) |
214 |
51 |
163 |
EBITDA margin |
16.0 |
8.3 |
7.7 |
EBIT margin |
7.0 |
1.9 |
5.1 |
Group net result (EUR million) |
96 |
-34 |
131 |
KEY FIGURES (USD)*
|
Q1 2019 |
Q1 2018 |
Q1 2019 vs Q1 2018 |
Revenues
(USD million) |
3,478 |
3,221 |
257 |
EBITDA (USD million) |
556 |
266 |
290 |
EBIT (USD million) |
243 |
62 |
181 |
Group net result
(USD million) |
109 |
-42 |
151 |
Annual average exchange rate (USD/EUR) |
1.14 |
1.23 |
-0.09 |
Exchange rate
(USD/EUR) on 31 March 2019 |
1.12 |
1.23 |
-0.11 |
* Due to the first-time application of the reporting standard IFRS 16 as of 1 January 2019, the results of the first quarter of 2019 (including first-time application of IFRS 16) can only be compared to a limited extent with the results of the first quarter of 2018 (excluding first-time application of IFRS 16). In individual cases, rounding differences may occur in the tables for computational reasons.
About Hapag-Lloyd
With a fleet of 235 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 12,800 employees and 398 offices in 128 countries. Hapag-Lloyd has a container capacity of approximately 2.5 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
09.05.2019 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 |
WKN: |
HLAG47 |
Indices: |
SDAX |
Listed: |
Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: |
808903 |
|
End of News |
DGAP News Service |
808903 09.05.2019
Die wichtigsten Finanzdaten auf einen Blick
|
|
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023e |
Umsatzerlöse1 |
9.973,40 |
11.515,10 |
12.607,90 |
12.772,40 |
22.273,50 |
34.542,70 |
17.929,50 |
EBITDA1,2 |
1.054,50 |
1.138,10 |
1.985,80 |
2.700,40 |
10.852,60 |
19.428,70 |
4.461,00 |
EBITDA-Marge3 |
10,57 |
9,88 |
15,75 |
21,14 |
48,72 |
56,25 |
|
EBIT1,4 |
410,90 |
443,00 |
811,40 |
1.315,20 |
9.389,80 |
17.524,50 |
2.531,70 |
EBIT-Marge5 |
4,12 |
3,85 |
6,44 |
10,30 |
42,16 |
50,73 |
14,12 |
Jahresüberschuss1 |
32,10 |
46,00 |
373,40 |
935,40 |
9.085,00 |
17.042,60 |
2.950,60 |
Netto-Marge6 |
0,32 |
0,40 |
2,96 |
7,32 |
40,79 |
49,34 |
16,46 |
Cashflow1,7 |
893,90 |
1.072,90 |
2.028,20 |
2.897,90 |
10.410,00 |
19.503,30 |
4.966,00 |
Ergebnis je Aktie8 |
0,19 |
0,21 |
2,06 |
5,27 |
51,63 |
96,89 |
16,70 |
Dividende8 |
0,57 |
0,15 |
1,10 |
3,50 |
35,00 |
63,00 |
0,00 |
Quelle: boersengefluester.de und Firmenangaben
Geschäftsbericht 2023 - Kostenfrei herunterladen.
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de
Wirtschaftsprüfer: KPMG
|
INVESTOR-INFORMATIONEN |
©boersengefluester.de |
Hapag-Lloyd |
WKN |
Kurs in € |
Einschätzung |
Börsenwert in Mio. € |
HLAG47 |
157,300 |
|
27.647,09 |
KGV 2025e |
KGV 10Y-Ø |
BGFL-Ratio |
Shiller-KGV |
18,73 |
14,87 |
1,22 |
9,12 |
KBV |
KCV |
KUV |
EV/EBITDA |
1,62 |
5,57 |
1,54 |
5,57 |
Dividende '22 in € |
Dividende '23e in € |
Div.-Rendite '23e in % |
Hauptversammlung |
63,00 |
9,25 |
5,88 |
30.04.2024 |
Q1-Zahlen |
Q2-Zahlen |
Q3-Zahlen |
Bilanz-PK |
15.05.2024 |
14.08.2024 |
14.11.2024 |
14.03.2024 |
Abstand 60Tage-Linie |
Abstand 200Tage-Linie |
Performance YtD |
Performance 52 Wochen |
15,46% |
1,91% |
16,52% |
-49,26% |
|
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