• 2017 February 28 13:55

    Hapag-Lloyd reports operating profit in 2016

    Hapag-Lloyd says it achieved a positive operating result (EBIT) for 2016. Based on the preliminary unaudited figures earnings before interest, taxes, depreciation of intangible and fixed assets (EBITDA) reached EUR 607 million (2015: EUR 831.0 million) and the operating result (EBIT) EUR 126 million (2015: EUR 366.4 million) in 2016. The EBITDA margin is 7.9%. In the 4th Quarter Hapag-Lloyd was able to increase EBITDA compared to 4th Quarter of the previous year to EUR 226 million (Q4 2015: EUR 140.4 million) and EBIT to EUR 100 million (Q4 2015: EUR 17.8 million).

    Due to a significantly lower average freight rate in 2016 of 1,036 USD/TEU (2015: 1,225 USD/TEU) revenue decreased to EUR 7.7 billion (2015: EUR 8.8 billion). At the same time, Hapag-Lloyd increased the transport volume by 2.7% to 7.6 million TEU (2015: 7.4 million TEU). Transport costs declined by 12.3% to EUR 6.4 billion (2015: EUR 7.3 billion) mainly driven by a lower average bunker consumption price of USD 210/tonne (2015: USD 312/tonne) as well as synergies from the integration of CSAV’s container shipping business and cost saving programs including improved fuel efficiency. The average USD/EUR exchange rate remained nearly stable at 1.10 USD/EUR compared to 1.11 USD/EUR in 2015.

    As at the 31 December 2016 financial year-end date, Hapag-Lloyd had EUR 5.1 billion (2015: EUR 5.0 billion) in equity and a liquidity reserve (cash, cash equivalents and unused credit facilities) of EUR 760 million (2015: EUR 962.4 million). Net debt amounted to EUR 3,592 million (2015: EUR 3,334 million). 

    All results are preliminary. The final full year 2016 group financial statements and the annual report 2016 will be published on 24 March 2017.

    Summary of Hapag-Lloyd Key Figures

    Preliminary and unaudited 2016 results (in EUR)



    Transport volume (TTEU)



    Freight rate (USD/TEU)



    Revenue (million EUR)



    EBITDA (million EUR)



    EBIT (million EUR)



    EBITDA margin



    EBIT margin



    Preliminary and unaudited 2016 results (in USD)



    Revenue (million USD)



    EBITDA (million USD)



    EBIT (million USD)



    Annual average exchange rate USD/EUR



    Year-end exchange rate USD/EUR



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