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24 October 2020 The on-line newspaper devoted to the world of transports 19:17 GMT+2



October 15, 2020

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Hapag-Lloyd expects to close the third quarter with financial results far exceeding expectations

Preliminary operating profit of approximately 350 million euros (38%)

Another primary containerized shipping company plans to close the third quarter of this year with results far exceeding expectations. This is the Germany's Hapag-Lloyd, which today announced an EBITDA expected to be around EUR 650 million, up 17% on third quarter of 2019, and an expected operating profit of approximately EUR 350 million (up 38%). On the other hand, the volume of cargo containers carried by the German company's fleet: Hapag-Lloyd reported that the decline was -3%, 2.95 million teu July-September of this year, a result however -- he pointed out the company -- much better than expected a few months ago.

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.'

PSA Genova Pra'



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