Hamburg - Hapag-Lloyd has disclosed its annual report. Based on the audited figures, the group net result increased to EUR 46 million for the year 2018 and was 13 million euros higher compared to the previous year (2017: EUR 33 million).
Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 1,138 million euros (2017: 1,055 million euros). Earnings before interest and taxes (EBIT) went up to 443 million euros (2017: 411 million). Both, EBITDA and EBIT, are at the upper end of the ranges forecast for the 2018 full financial year (EBITDA: 900 to 1,150 million euros; EBIT: 200 to 450 million).
“The market environment in 2018 was certainly not easy: In the first half of the year, freight rates were below our expectations and bunker prices and costs increased during the year. In the second half of the year, however, these effects were partially offset as we benefitted from higher global transport volumes, better freight rates and improvements on the cost side. All in all, we are satisfied with the financial results for 2018”, said Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd.