DGAP-News: Hapag-Lloyd AG / Key word(s): Change in Forecast 
???????Hapag-Lloyd raises earnings forecast 
 
2020-12-08 / 13:31 
The issuer is solely responsible for the content of this announcement. 
 
*Hapag-Lloyd raises earnings forecast* 
 
*- Market conditions in Q4 better than anticipated* 
 
- *Demand for container capacities remains strong* 
 
*- Performance Safeguarding Program on track* 
 
On the basis of a better-than-expected business performance in the current 
fourth quarter, it was decided today to raise the earnings forecast for the 
Group updated in October. For the 2020 financial year, earnings before 
interest, taxes, depreciation and amortisation (EBITDA) of EUR 2.6 to 2.7 
billion (previously: EUR 2.4 to 2.6 billion) and earnings before interest 
and taxes (EBIT) of EUR 1.25 to 1.35 billion (previously: EUR 1.1 to 1.3 
billion) are now expected. The new EBIT range includes impairments of 
approximately EUR 100 million, particularly arising in connection with a 
planned optimisation of the vessel portfolio. The measures were not factored 
into the previous earnings forecast. 
 
"In the fourth quarter, as well, market demand for container capacities has 
continued to be surprisingly strong and today we are deploying every 
available ship. Additionally, we are on track with the cost savings from our 
Performance Safeguarding Program. Given these circumstances, the results of 
the current financial year will exceed our previous forecasts. In light of 
the global pandemic, we will continue to keep a close eye on the safety and 
well-being of our employees as well as on our customers' supply chains - but 
the continued implementation of our Strategy 2023 will also remain an 
integral part of our agenda," said Rolf Habben Jansen, Chief Executive 
Officer of Hapag-Lloyd. 
 
The audited figures for the 2020 financial year will be published on 18 
March 2021. 
 
Explanatory notes relating to the performance measures EBITDA and EBIT 
referred to herein can be found in the 2019 Annual Report: 
*https://www.hapag-lloyd.com/en/ir/publications/financial-report.html* 
 
*About Hapag-Lloyd* 
With a fleet of 234 modern container ships and a total transport capacity of 
1.7 million TEU, Hapag-Lloyd is one of the world's leading liner shipping 
companies. The Company has around 13,200 employees and 388 offices in 129 
countries. Hapag-Lloyd has a container capacity of approximately 2.7 million 
TEU - including one of the largest and most modern fleets of reefer 
containers. A total of 121 liner services worldwide ensure fast and reliable 
connections between more than 600 ports on all the continents. Hapag-Lloyd 
is one of the leading operators in the Transatlantic, Middle East, Latin 
America and Intra-America trades. 
 
*Disclaimer* 
This press release contains forward-looking statements that involve a number 
of risks and uncertainties. Such statements are based on a number of 
assumptions, estimates, projections or plans that are inherently subject to 
significant risks, uncertainties and contingencies. Actual results can 
differ materially from those anticipated in the Company's forward-looking 
statements. 
 
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 
 
2020-12-08 Dissemination of a Corporate News, transmitted by DGAP - a 
service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
 
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Archive at www.dgap.de 
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: 1153629 
 
End of News DGAP News Service 
 
1153629 2020-12-08

(END) Dow Jones Newswires

December 08, 2020 07:31 ET (12:31 GMT)