Independent journal on economy and transport policy
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Hapag-Lloyd clearly has archived item the third trimester with a profit of 9,6 million euros (- 95.6%)
The revenues are dropped of 13.7%, while the transported containerized volumes are increased of 5.0%
November 21, 2011
The shipowning society German Hapag-Lloyd clearly has archived item the third trimester of this year with a profit of 9,6 million euros on revenues for 1,537, 0 million euros, down respective of 95.6% and 13.7% regarding 217,0 million and 1,781, 2 million euros in the correspondent period of 2010. The EBITDA has been attested to 105,4 million euros (- 69.5%), the EBIT to 34,1 million euros (- 87.1%) and the EBIT adjusted to 36,7 million euros (- 85.4%).
The German company has closed the first nine months of 2011 with a net loss of 23,1 million euros on revenues for 4,504, 0 million euros respect to a profit clearly of 392,6 million euros on revenues for 4,669, 7 million euros in the period January-september last year. EBITDA, EBIT and EBIT adjusted are piled respective to 275,0 million (- 63.0%), 62,9 million (- 87.6%) and 78,8 million euros (- 83.2%).
The chairman of Hapag-Lloyd, Michael Behrendt, it has declared satisfaction for the results of the third trimester of this year: "- it has explained - we have operated much good in a challenging situation of market and the operating result of Hapag-Lloyd has been very advanced regarding the average of the field. In consideration of the difficulty conditions that all the marine companies of line are still facing - it has added - our operating result are satisfactory and it clearly constitutes a sign of our force".
In the third trimester of this year the fleet of ships of the company has transported containerized volumes pairs to 1.340.000 teu, in increase of 5.0% on the correspondent period of 2010, and the medium hire for teu has been pairs to 1.529 dollars (- 8.6%). In the first nine months of the 2011 fleet he has transported 3.874.000 teu, with an increment of 3.9% on the same period of 2010, recording a medium hire for teu of 1.540 dollars (- 0.5%). Hapag-Lloyd has specified that in the first nine months of this year, against the increment of 3.9% of the transported volumes, it is totaled an increase of the transport costs pairs to beyond 333 million euros regarding the same period of 2010 mainly because of the increase of the price of the bunker.
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The shipowning society German Hapag-Lloyd clearly has archived item the third trimester of this year with a profit of 9,6 million euros on revenues for 1,537, 0 million euros, down respective of 95.6% and 13.7% regarding 217,0 million and 1,781, 2 million euros in the correspondent period of 2010. The EBITDA has been attested to 105,4 million euros (- 69.5%), the EBIT to 34,1 million euros (- 87.1%) and the EBIT adjusted to 36,7 million euros (- 85.4%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
