Independent journal on economy and transport policy
16:58 GMT+1
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Hapag-Lloyd closes the first three months of 2016 with a net loss of -42,8 million euros
Revenues down of -16,4%
May 13, 2016
The recorded economic results in the first trimester of this year from the company of German navigation Hapag-Lloyd seem to confirm, so as the performances of the quarterly period precedence, than the positive effect of the acquisition of the services of containerized marine transport of Chilean CSAV, happened in December 2014 ( on 2 December 2014), it has been dimmed until to be exhausted.
Hapag-Lloyd clearly has archived item the first three months of the 2016 with a net loss of -42,8 million euros respect to a profit of 128,2 million euros in the correspondent period last year. The revenues have recorded an emphasized bending of the -16,4% coming down to 1,92 billion euros that are caused mainly by the reduction of the -19,8% of the medium hire for the transport of the container, that it has turned out pairs to 1.067 dollars/teu regarding 1.331 dollars/teu in the first trimester of 2015. Decrease of the rates that has evidently not been sufficiently balanced from the increase of the transported containerized volumes, that they have been pairs to beyond 1,8 million teu (+2.1%), and from the cost reduction, come down of the -13,5% to 1,59 billion euros. EBITDA and EBIT have been attested respective to 123,4 million euros (- 56.5%) and 4,8 million euros (- 97.2%).
"In traditionally the weak person first trimester - the managing director of the German company has commented today, Rolf Habben Jansen - we have recorded an acceptable result with an operating useful little one and an EBITDA margin of 6.4%. This has happened graces above all to the sinergici effects that we have up to now obtained as a result of the fusion with CSAV and from the improvement of our base of the costs in the within of program OCTAVE that we have implemented in 2015". Jansen has remembered that at the end of 2015 the second phase of the program of control of the costs is activated that previews ulterior measures and that it will be implemented in the course of 2016, phase that - it has specified - "will contribute to ulteriorly improve our base of the costs with values to two figures in million dollars".
For the entire exercise 2016 Hapag-Lloyd previews to achieve an light increase of the EBITDA and an operating result online with that of 366 million euros of 2015.
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The recorded economic results in the first trimester of this year from the company of German navigation Hapag-Lloyd seem to confirm, so as the performances of the quarterly period precedence, than the positive effect of the acquisition of the services of containerized marine transport of Chilean CSAV, happened in December 2014 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
