Independent journal on economy and transport policy
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Strong growth in Hapag-Lloyd's financial results
In the last quarter of last year, the company's fleet transported three million containers (up 1.7%) and the average rent was down -2.0%
February 19, 2020
In the whole of 2019, the Hapag-Lloyd fleet containerized cargo totalling 12.04 million teu, growth of 1.4% on the previous year. The average teu was 1,072 us dollars, or 2.7%. The results for the year 2019 show revenues 12.61 billion euros, or 8.5%, EBITDA of 1.99 billion euros (up 74.4%) operating profit of 811 million euros, or 82.7%. The company specified that the effect of applying IFRS 16 accounting principles on the results is about 31 million euros related to EBIT and about 467 million euros EBITDA. Hapag-Lloyd also pointed out that the revenues of the 2019 benefited from a stronger dollar against the euro and that the results of the year were positively affected lower charges for the handling and transport of container and the reduction in the cost of fuel that is average result of USD 416 per tonne compared to a cost of the bunker of 421 dollars/ton in 2018.
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In the whole of 2019, the Hapag-Lloyd fleet containerized cargo totalling 12.04 million teu, growth of 1.4% on the previous year. The average teu was 1,072 us dollars, or 2.7%. The results for the year 2019 show revenues 12.61 billion euros, or 8.5%, EBITDA of 1.99 billion euros (up 74.4%) operating profit of 811 million euros, or 82.7%. The company specified that the effect of applying IFRS 16 accounting principles on the results is about 31 million euros related to EBIT and about 467 million euros EBITDA. Hapag-Lloyd also pointed out that the revenues of the 2019 benefited from a stronger dollar against the euro and that the results of the year were positively affected lower charges for the handling and transport of container and the reduction in the cost of fuel that is average result of USD 416 per tonne compared to a cost of the bunker of 421 dollars/ton in 2018.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
