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22 May 2022 The on-line newspaper devoted to the world of transports 19:09 GMT+2

April 29, 2022

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Hapag-Lloyd expects to store first quarter with +237 percent growth in operating profit

The company believes the positive trend will continue in the second quarter.

German containerized shipping company Hapag-Lloyd expects to close the first quarter of this year with a gross operating margin of around 4.7 billion euros, an increase of +197 percent compared to 1.6 billion euros in the corresponding period of 2021. The ride-hailing company said it also saw a significant increase in operating profit, which is expected to be around 4.3 billion euros, +237 percent higher than in the first three months of last year.

In addition, according to the latest estimates, the volumes of containerized loads carried by the company's fleet in the first three months of 2022 are expected to result in around three million teu, similar to last year's, while the value average of noli should have marked a 80% percent rise in the first quarter of 2021.

Hapag-Lloyd believes that the positive trend will continue in the second quarter of this year and, based on this outlook, it expects the entire 2022 annual financial year to be filed with a gross operating margin of between 13.6 billion and 15.5 billion euros compared to more than 10.8 billion euros in the latest annual financial year. In addition, operating profit is expected to be between 11.7 billion and 13.6 billion euros compared to 9.4 billion in 2021.

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