Hapag-Lloyd 3Q Profit, Revenue Surged Amid Supply-Chain Disruptions
12 Novembro 2021 - 4:19AM
Dow Jones News
By Mauro Orru
Hapag-Lloyd AG reported a strong rise in profit and revenue in
the third quarter thanks to higher freight rates as disruptions in
global supply chains continued to restrict transport capacity.
The German shipping company said Friday that quarterly net
profit soared to 2.83 billion euros ($3.24 billion) from EUR250.9
million in the third quarter last year.
Revenue surged to EUR6.24 billion from EUR3 billion, a boost
Hapag-Lloyd attributed to a higher average freight rates, due to
persistently high demand for container transports at a time of
scarce capacity.
"Global supply chains are under enormous pressure, which further
intensified during the peak season in the third quarter," Chief
Executive Rolf Habben Jansen said.
The company said last month that results up to the end of
September would be strong, citing "unabated" demand for containers
and supply-chain disruptions.
Earnings before interest and taxes for the latest quarter
climbed to EUR2.91 billion from EUR347 million, while earnings
before interest, taxes, depreciation, and amortization rose to
EUR3.30 billion from EUR649.1 million.
Hapag-Lloyd had expected EBIT of EUR2.9 billion and Ebitda of
EUR3.3 billion, according to preliminary figures.
For the year, Hapag-Lloyd forecasts EBIT between EUR8.7 billion
and EUR9.5 billion, and Ebitda between EUR10.1 billion and EUR10.9
billion.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
November 12, 2021 02:04 ET (07:04 GMT)
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