DGAP-Adhoc: Hapag-Lloyd AG raises earnings guidance

2020. december 08., kedd, 13:29





DGAP-Ad-hoc: Hapag-Lloyd AG / Key word(s): Change in Forecast


Hapag-Lloyd AG raises earnings guidance


08-Dec-2020 / 13:29 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.



Hapag-Lloyd AG raises earnings guidance


Due to the fact that business development in the current fourth quarter has exceeded expectations, the Executive Board today decided to raise its earnings guidance for the Group, which was updated in October. For the 2020 financial year, the Executive Board now expects EBITDA of EUR 2.6 - 2.7 billion (previously: EUR 2.4 - 2.6 billion) and EBIT of EUR 1.25 - 1.35 billion (previously: EUR 1.1 - 1.3 billion). The new EBIT range includes impairment charges of around EUR 100 million, particularly in connection with the planned optimisation of the ship portfolio, which were not included in the previous earnings forecast.



The audited business figures for 2020 will be published on 18 March 2021.



Explanatory notes relating to the performance measures EBIT and EBITDA referred to herein can be found in the annual report 2019, available at: https://www.hapag-lloyd.com/en/ir/publications/financial-report.html.






Contact:

Heiko Hoffmann

Senior Director Investor Relations


Hapag-Lloyd AG

Ballindamm 25

20095 Hamburg

Phone +49 40 3001-2896

Fax +49 40 3001-72896

Mobile +49 172 875-2126







08-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: Hapag-Lloyd AG

Ballindamm 25

20095 Hamburg

Germany
Phone: +49 (0) 40 3001 - 2896
Fax: +49 (0) 40 3001 - 72896
E-mail: ir@hlag.com
Internet: www.hapag-lloyd.com
ISIN: DE000HLAG475
WKN: HLAG47
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1153622





 
End of Announcement DGAP News Service



1153622  08-Dec-2020 CET/CEST







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