Positive the second trimester of the Hapag-Lloyd, in the course of which the fusion with the UASC is put into effect



The company of German navigation Hapag-Lloyd has closed the second trimester of this year, period in the course of which the fusion with Middle Eastern company UASC with effect has been capacity to term 24th May ( on 24 May 2017), with a profit clearly of 16,0 million euros respect to a net loss of -99,3 million euros in the correspondent period of 2016.

The revenues are piled to 2,39 billion euros, in increase of +28.3% regarding 1,86 billion euros in the period April-june last year. To the increment it has contributed the contribution of the volume of transactions generated from the UASC, that it has turned out pairs to 199,0 million euros, so as the increase of the revenues generated from the activity of the fleet employed on the various routes of traffic.

In particular, the revenues produced from the portacontainer used on the routes ocean-going liners, that they have transported containerized volumes pairs to 422 thousand teu (+6.0%), have been attested to 496,2 million euros, in increase of +6.5% on according to trimester of the 2016 although medium hire for container from 20 ' (teu) transported has turned out down of the -2,0% being it are pairs to 1.292 dollars (- 6.4% excluding the effects of the fusion with UASC). The ships employed on the transpacifiche routes have transported containerized volumes pairs to 374 thousand teu (+2.5%) and the relative revenues are piled to 432,3 million euros (+8.6%) while the medium hire has turned out pairs to 1.007 dollars/teu (+40.0% including the effects of the fusion with UASC and -9,8% excluding them).

In the services with the Far East the transported volumes have been pairs to 234 thousand teu (- 22.5% with the exclusion of the effects of the fusion with UASC; including such effects it turns out an increase of +16.4%), the revenues to 215,1 million euros (+66.9%) and the medium hire to 1.007 dollars/teu (+13.1%; +40.0% including the effects of the fusion). On the routes with the Middle East the transported volumes have totaled 119 thousand teu (+4.4%), the revenues 109,6 million euros (+56.6%) and the medium hire has been pairs to 1.071 dollars/teu (+47.6%). The services intra-asiati have transported us 158 thousand teu (- 7.1%; +0.6% with UASC), with revenues have been pairs to 86,9 million euros (+10.3%) and the medium hire has been of 607 dollars/teu (- 6.7%; +7.8% with UASC). On the routes with the Latin America the transported volumes have been pairs to 604 thousand teu (+9.6%), the revenues to 554,3 million euros (+16.8%) and the medium hire to 1.008 dollars/teu (+5.8%). The services with Mediterranean Europe/, Africa and Oceania have totaled volumes pairs to 128 thousand teu (+20.8%) with revenues pairs to 122,8 million euros (+22.3%) and a medium hire who has been pairs to 1.048 dollars/teu (- 6.5%).

In according to trimester of 2017 the EBITDA recorded from the Hapag-Lloyd group has been pairs to 229,1 million euros, in increase of +61.8% on the same period last year. The operating profit is piled to 83,8 million euros respect to an operating result of sign negative and pairs to -44,5 million euros in the quarter April-june of 2016.

In entire the first semester of the 2017 revenues of the German group they have turned out pairs to 4,52 billion euros, with an increase of +19.4% on the first half of 2016. Excluding the contribution of the turnover of the UASC the revenues turn out of 4,32 billion euros, with an increment of +14.1% regarding 3,79 billion euros in the first six months last year. The EBITDA is piled to 360,4 million euros (+83.2%) and the EBIT to 87,3 million euros respect to an operating result of sign negative and pairs to -39,7 million euros in the first semester of 2016. Hapag-Lloyd has archived item the first half of this year with a net loss of -46,1 million euros respect to a net loss of -142,1 million euros in the correspondent period of 2016.

Evidencing that Hapag-Lloyd has completed optimal progresses in the course of the first semester of 2017 in spite of the persistent difficulty in which pours the market of the containerized marine transport, the managing director of the German company, Rolf Habben Jansen, it has emphasized that the results have shown an sensitive rise and that the process of integration with the UASC is proceeding quickly and will be carried to term in the course of the third trimester. "This - it has specified - will allow us to begin to quickly realize synergies after integration". Jansen has remembered that thanks to the fusion pairs to 435 million dollars are previewed annual savings beginning from 2019, but great part of these savings will be realized already in 2018.

For the remaining part of 2017, Hapag-Lloyd previews that the transported containerized volumes from the fleet will continue to grow and that the cost of the bunker, increased in the course of the first half of the year, will be maintained stable in the second half of the year and unchanged will turn out also the total medium hire regarding the level recorded in 2016. The company considers at last that in the entire 2017 the EBITDA and the EBIT will considerably turn out advanced regarding the values respective of totaled 607,0 million and 126,4 million euros in 2016.