The German container shipping company Hapag-Lloyd expects to close the first half of 2024 with a margin gross operating income of approximately 1.8 billion euros, equal to just over of half of the 3.5 billion recorded in the first half last year. Expected operating profit is around 0.8 million euros compared to 2.6 million in the first six months of 2023.

The company specified that, given that the recent significant demand and short-term freight rates have exceeded expectations, Hapag-Lloyd believes it is likely that in the second half of the 2024 earnings per share are higher than previous forecasts.

The company currently believes that EBITDA for the full year 2024 is expected to be between €3.2 billion and €4.2 billion compared to previous forecast of €2.0 billion to €3.0 billion and compared to EBITDA of 4.5 billion recorded in the previous year. In addition, EBIT of between 1.2 and 2.2 billion vs. previous forecast of 0.0-1.0 billion and compared to EBIT of over 2.5 billion euros in 2023.