Hapag-Lloyd’s operative turnaround to the black

4.1 EBIT margin: Full year 2015 results of the Hapag-Lloyd liner shipping company were “in line with expectations”

Hapag-Lloyd’s operative turnaround to the black

Hapag-Lloyd has achieved its earnings targets for 2015 and also in Q4 significantly improved its operating result (EBIT) versus prior year. Based on the preliminary unaudited figures, the liner shipping company increased its operating earnings before interest, taxes, depreciation of intangible and fixed assets (EBITDA) to EUR 831.0 million (2014: EUR 98.9 million) and the operating result (EBIT) to EUR 366.4 million (2014: EUR -382.8 million) in 2015. The EBITDA margin of 9.4 percent is in line with the company´s guidance.

Revenue increased in 2015 to EUR 8.8 billion (2014: EUR 6.8 billion). The significant increase was primarily attributable to the merger with CSAV’s container business in December 2014. The transport volume rose to around 7.4 million TEU for 2015 (2014: 5.9 million TEU). The average freight rate in 2015 declined to USD 1,225 USD/TEU (2014: 1,427 USD/TEU), the average bunker consumption price fell to USD 312/tonne in 2015 (2014: USD 575/tonne).

With a fleet of 177 modern container ships, Hapag-Lloyd is one of the world’s leading container liner shipping companies. The Company has approx. 9,500 employees at 366 sites in 118 countries.