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Hapag-Lloyd AG, DE000HLAG475

Hapag-Lloyd AG, DE000HLAG475

13.11.2020 - 07:30:02

Hapag-Lloyd delivers good result in first nine months of 2020

Hapag-Lloyd has concluded the first nine months of 2020 with earnings before interest, taxes, depreciation and amortisation (EBITDA) of more than USD 2 billion (EUR 1.8 billion), which represents a 20.4 percent increase over the prior-year figure. At the same time, earnings before interest and taxes (EBIT) rose to USD 965 million (EUR 858 million), surpassing the corresponding prior-year figure of USD 722 million (EUR 643 million). The Group net result improved to USD 605 million (EUR 538 million), an increase of USD 272 million (EUR 241 million) over the previous year.

At around USD 10.5 billion (EUR 9.4 billion) after the first nine months of the year, revenues were about 1 percent below the prior-year figure. This can primarily be attributed to pandemic-related effects, including a double-digit drop in demand in the second quarter and an overall transport volume that was 3.5 percent lower than the prior-year figure, at 8,696 TTEU (9M 2019: 9,011 TTEU). The average freight rate was up 2 percent, to 1,097 USD/TEU (9M 2019: 1,075 USD/TEU), which had a positive impact on earnings. In addition, transport expenses decreased more than proportionately by 6 percent, due to a combination of lower transport volumes, a lower average bunker price of USD 402 per metric tonne (9M 2019: USD 425 per tonne), and rigorous cost management as part of the Performance Safeguarding Program (PSP). "In this nine-month period, we have achieved a good result and strictly managed our costs while at the same time benefiting from improved market conditions in the third quarter. However, with its increasing number of cases worldwide, the COVID-19 pandemic continues to pose high risks to the logistics industry and the supply chains of our customers. We will stick to our present course, continue to implement our Strategy 2023, and keep a close eye on the well-being of our employees, the needs of our customers and our operating cost," said Rolf Habben Jansen, CEO of Hapag-Lloyd.

Based on the earnings forecast that was adjusted upwards in October, Hapag-Lloyd expects an EBITDA of EUR 2.4 to 2.6 billion and an EBIT of EUR 1.1 to 1.3 billion for the full financial year 2020.

The financial report for the first nine months of 2020 is available online at:https://www.hapag-lloyd.com/en/ir/publications/financial-report.htmlKEY FIGURES (USD)*

? Q3 2020 Q3 2019 9M 2020 9M 2019 9M 2020 versus 9M 2019 Transport volume (TTEU) 2,942 3,045 8,696 9,011 - 315 Freight rate (USD/TEU) 1,084 1,084 1,097 1,075 22 Revenues (USD million) 3,519 3,608 10,525 10,654 - 129 EBITDA (USD million) 756 617 2,044 1,697 347 EBITDA margin 21.5% 17.1% 19.4% 15.9% 3.5 Ppt EBIT (USD million) 402 282 965 722 243 EBIT margin 11.4% 7.8% 9.2% 6.8% 2.4 Ppt Group net result (USD million) 290 168 605 333 272 ?


? Q3 2020 Q3 2019 9M 2020 9M 2019 9M 2020 versus 9M 2019 Revenues (EUR million) 3,002 3,244 9,362 9,482 - 120 EBITDA (EUR million) 649 554 1,818 1,511 307 EBIT (EUR million) 347 253 858 643 216 Group net result (EUR million) 252 150 538 297 241 Annual average exchange rate (USD/EUR) n.a. n.a. 1.12 1.12 0.00 End-of-period exchange rate (USD/EUR) 1.17 1.09 1.17 1.09 0.08 ?

*In individual cases, rounding differences may occur in the tables for computational reasons.

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

13.11.2020 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.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 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: 1147864 ? End of News DGAP News Service


@ dgap.de