Hapag-Lloyd has announced that the company has closed 2016 with a net loss of -93,1 million euros



Today the company of German navigation Hapag-Lloyd has introduced the final budget of 2016 announcing that the exercise anniversary has been archived item with a net loss of -93,1 million euros respect to a profit clearly of 113,9 million euros in 2015. The values of the revenues, the EBITDA and the profit clearly, expressed in euro, turn out unchanged last month regarding those communicated preliminary matters ( on 28 February 2017), that is pairs respective to 7,73 billion euros (- 12.5%), 607,0 million euros (- 27.0%) and 126,0 million euros (- 65.6%).

In the last trimester of the 2016 company of Amburgo it has recorded an improvement of the results against almost stable revenues that are piled to 2,02 billion euros, with a decrease of -0,8% (- 1.9% in dollars) regarding 2,04 billion euros in the fourth trimester of 2015. The EBITDA is piled to 225,7 million euros (+61.8%), the operating profit to 111,0 million euros (+516.7%) and the profit clearly to 46,0 million euros respect to a net loss of -51,0 million euros in the quarter October-December of 2015.

"In the first six months of 2016 - the managing director of the Hapag-Lloyd has confirmed, Rolf Habben Jansen - we have had a context of very challenging market, but in the second half of the year we have been able to remarkablly improve the revenues and the results. Even if in 2016 our performance they have been good in the context of the field - however it has specified Habben Jansen - the result clearly has been unsatisfactory. We - it has added - preview a sure improvement of the market in 2017, but our success will depend in wide measure from our ability to reach a level of the hires more sustainable. Over the long term, the lack of orders for the construction of new ships and lasting of the high level of the demolitions of ships - it has found - will continue to carry towards a better balance between question and offered ability".

Habben Jansen but has specified that for the Hapag-Lloyd the beginning of the 2017 has been revealed challenging: "because of the contracts - it has specified the managing director of the company of German navigation - we have in the long term not been still in a position to totally making use us of the recent positive development of the hires in the market ad and meanwhile the price of the bunker has grown in meaningful way. We will continue to work hard in order to return the Hapag-Lloyd still more competitive and in order to strengthen our position. Our efforts - it has specified - will be supported by the waits synergies and the ulterior determined diversification of our pocketbook of producing by the fusion with the UASC". The German company in existence has in fact a procedure of fusion with the company of Dubay, operation whose final deadline of execution in recent days is sent back two-month-old fixing it to next 31 May ( on 17 March 2017).

Hapag-Lloyd beginning from previews that the 2019 realized synergies as a result of the fusion will produce to annual savings pairs to 435 million dollars, reduction of the expenses that initially partially will be counterbalanced by extraordinary burdens for about 150 million dollars determined from the transaction and integration of the UASC in the Hapag-Lloyd.