Hapag Lloyd expects no changes in freight rates
Hamburg-based carrier Hapag-Lloyd reported significantly improved figures in 2018. The group net result increased to EUR 46 million, up EUR 13 million from 2017. On a pro-forma basis and when compared to the combined business of Hapag-Lloyd and UASC for FY 2017, transport volumes rose by 6 % and the average freight rate by 2 %.
For 2019, Hapag-Lloyd anticipates transport volumes to rise in line with the general growth of the market. Hapag-Lloyd’s average freight rate is likely to increase slightly compared with last year. Hapag-Lloyd also expects the average bunker consumption price to be moderately higher in 2019 than in the previous year.
If Hapag-Lloyd achieves the expected freight rate, an improvement in revenue quality combined with the cost savings as part of strategy 2023, and a sufficient growth in volumes, the company forecasts an ebitda ranging from EUR 1.6 to 2.0 billion and an ebit ranging from EUR 0.5 to 0.9 billion. (kd)
www.hapag-lloyd.com/en/ir/publications/financial-report.html