Following the trend that is characterizing the market of containerised maritime transport, which constitutes a the group's core business, the South Korean HMM has left behind five quarterly periods of decline in economic performance, closing the first quarter of 2024 with increases in the main values of the income statement. In the first three Months of this year, the revenues of the Asian shipping company amounted to 2,329.9 billion won ($1.7 billion), with a growth of +11.9% over the same period of 2023 generated the +10.5% increase in revenues generated by the containerised maritime transport amounted to €1,935.8 billion Won, from the +18.9% increase in revenues produced by the activity of maritime bulk transport, which rose to €339.4 billion, and the +22.8% increase in revenues generated by other activities of the group, which amounted to 54.7 billion won.

The increase in quarterly turnover is a consequence of the appreciation of the value of sea freight rates, with an average freight rate which in the first quarter of 2024 amounted to 1,350 dollars/teu (+27.3%).

Operating profit, at 407.0 billion won, recorded a growth of +32.8% and the increase was also high of the values of pre-tax profit and net profit equal to to 503.5 billion (+61.4%) and 485.1 billion won respectively (+63,0%).

In the first three months of 2024, the container fleet of the HMM transported containerized cargoes totaling 893,337 TEUs (+3.9%).