Hapag-Lloyd is satisfied of the results of the third trimester and the first effects of the fusion with UASC



In the third trimester of this year the revenues of the company of German navigation Hapag-Lloyd are piled to 2,80 billion euros, with a consisting increment of +45.0% on the correspondent period of the 2016 that is consequence mainly of the fusion of the company with the Middle Eastern United Arab Shipping Company (UASC) that it has had effect 24th May. EBITDA and operating result have marked increments respective of +95.8% and +175.3% and have been pairs to 361,5 million and 180,6 million euros. Hapag-Lloyd has concluded the third trimester of 2017 with a profit clearly of 54,3 million euros regarding 8,2 million euros in the same period last year.

In the quarter July-september of this year the ships of the company engaged on a total of 125 services of line (before the fusion with UASC the Network of services of the German company were constituted by 118 lines while that of the UASC was composed of 45 services) has transported containerized cargos pairs to 2,81 million teu, with an increase of +44.2% also it effect highly of the fusion with UASC. The medium hire for container teu has turned out pairs to 1.605 dollars (+3.7%).

The single services ocean-going liners of the Hapag-Lloyd have transported containerized volumes pairs to 436 thousand teu (+13.2%). In this segment of market the medium hire has been of 1.315 dollars/teu (- 1.4%) and the revenues are piled to 487,3 million euros (+5.8%). The services with the Latin America of the company have transported 649 thousand teu (+10.8%) and for this commercial route the hire has turned out of 1.077 dollars/teu (+2.9%) and the revenues have totaled 597,4 million euros (+8.8%). On the routes with the Far East the containerized cargos have been pairs to 503 thousand teu (+136.2%), the medium hire to 993 dollars/teu (+27.3%) and the revenues to 435,9 million euros (+193.7%). The transpacifici services have transported 464 thousand teu (+22.7%), the medium hire has been of 1.267 dollars/teu (+10.5%) and the revenues have been attested to 504,2 million euros (+29.6%). On the routes intra-Asians the ships of the German group have transported 259 thousand teu (+58.6%) and in this segment of market the medium hire has been pairs to 615 dollars/teu (+15.8%) and the revenues to 138,2 million euros (+78.6%). The enlivened containerized volumes from the lines for the Middle East have been pairs to 349 thousand teu (+186.1%), the relative medium hire has been of 878 dollars/teu (+31.8%) and the revenues have totaled 268,0 million euros (+267.6%). On the routes for Mediterranean Europe/, Africa and Oceania the traffic has been of 147 thousand teu (+47.0%), the medium hire of 1.125 dollars/teu (+6.3%) and the revenues are piled to 141,8 million euros (+50.2%).

In the first nine months of the 2017 total of transported containerized cargos from the portacontainer of the company it has been pairs to 7,03 million teu, with an increase of +24.4% on the period January-september last year. The medium hire has turned out of 1.060 dollars/teu, in increase of +2.2%, while the shipping charge for teu has been of 939 dollars/teu, down of -0,2%.

In the first nine months of this year the revenues have been pairs to 7,31 billion euros (+28.0%). The EBITDA has been attested to 721,9 million euros (+89.3%) and the EBIT to 267,9 million euros (+934.4%). Hapag-Lloyd has closed the period with a profit clearly of 8,2 million euros respect to a net loss of -133,9 million euros in the first nine months of 2016.

"The operating good results that we have obtained after three trimesters - have commented the managing director of Hapag-Lloyd, Rolf Habben Jansen - volume of total containerized transports has not only had to the positive development of the total economy and to the increasing. Also the fast and ordered integration of the UASC in the Hapag-Lloyd group has had a crucial role. We have been already in a position to realizing the first synergies deriving from the fusion that they will help us to ulteriorly consolidate our position in the field".