Hapag-Lloyd Earnings, Revenue Hit by Weak Demand
10 8월 2023 - 3:16PM
Dow Jones News
By Adria Calatayud
Hapag-Lloyd said earnings and revenue for the second quarter
fell sharply, hit by a slump in ocean freight rates and weaker
volumes due to subdued demand.
The German container-shipping company said Thursday that net
profit for the quarter was 1.00 billion euros ($1.10 billion)
compared with EUR4.48 billion a year earlier on revenue that more
than halved to EUR4.42 billion from EUR8.99 billion
Earnings before interest, taxes, depreciation and amortization
fell to EUR1.28 billion from EUR5.28 billion.
The company's transport volumes were 3.4% lower for the first
half as a whole, while the average freight rate fell by more than a
third.
The company confirmed its expectations for 2023, which include
Ebitda ranging from EUR4 billion to EUR6 billion and earnings
before interest and taxes of between EUR2 billion and EUR4
billion.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
August 10, 2023 02:01 ET (06:01 GMT)
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Hapag-Lloyd (TG:HLAG)
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Hapag-Lloyd (TG:HLAG)
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부터 6월(6) 2023 으로 6월(6) 2024
