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International
Logistics
Sea Freight

German carrier achieves strong result

31 Jan 2023 - by Staff reporter
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The results are in and Hapag-Lloyd is one of the first to announce “an extraordinary strong result”.

On the basis of preliminary and unaudited figures, it has concluded the 2022 financial year – in which it celebrated its 175th anniversary – with an Ebitda of $20.5 billion. The Ebit rose to $18.5bn, which can primarily be attributed to higher freight rates. At the same time, disruptions in global supply chains and inflation have led to a significant increase in costs, according to a statement released today.

Revenues rose to $36.4bn, primarily owing to an increase in the average freight rate to 2 863 USD/TEU (2021: 2 003 USD/TEU). “However, already by the end of the year, the freight rate had significantly come back down as congestion eased and demand declined. Transport volumes for full-year 2022 were roughly on a par with the prior-year level, at 11.8 million TEUs (2021: 11.9m TEUs),” the statement said.

Hapag-Lloyd will publish its 2022 Annual Report with the audited financial figures and an outlook for the current financial year during a virtual press briefing on financial statements on March 2.

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