Independent journal on economy and transport policy
12:39 GMT+2
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Hapag-Lloyd expects to close the third quarter with financial results that are far higher than expected
Preliminary operating profit of around 350 million euros (up 38%)
October 15, 2020
Hapag-Lloyd specified that the improvement was mainly driven by significantly higher demand relatively high volumes and a high level of strict management of costs and revenues.
"We have registered - explained the administrator Delegate Rolf Habben Jansen - a very good third quarter with a higher demand, particularly for exports Asia. Thanks to the positive development of the market and the wide range measures that we have introduced in recent months we expect a year with results well above our previous forecasts." Hapag-Lloyd, in fact, believes 2020 will be closed with an EBITDA between 2.4 billion and 2.6 billion euros (1.99 billion 2019) and with an EBIT of between 1.1 billion and 1.3 billion (881 million in 2019).
"However," habben Jansen pointed out, "the pandemic will continue to be a major challenge and one of the main challenges sources of uncertainty for the entire logistics industry. In in the coming months -- he concluded -- our attention will continue to be focused on the safety and health of our employees, but also safeguarding the supply chains of our employees. customers.'
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