Executive Board of Hapag-Lloyd AG resolves to propose a dividend distribution of EUR 35 per share to the Annual General Meeting 2022
Hamburg, 25 February 2022
Based on the successful financial year 2021 with an expected Group EBIT of EUR 9.4 billion, the Executive Board of Hapag-Lloyd AG has just resolved to propose to the ordinary Annual General Meeting a distribution of a dividend payment for the financial year 2021 in the amount of EUR 35.00 per share (prior year: EUR 3.50 per share). The Supervisory Board will resolve on this proposal in its meeting on 9 March 2022. The dividend proposal corresponds to a total distribution of EUR 6.2 billion (prior year: EUR 0.6 billion).
The 2021 Annual Report will be published on 10 March 2022. The virtual Annual General Meeting is expected to take place on 25 May 2022.
Revenues increased to roughly USD 26.4 billion (approximately EUR 22.3 billion). This can mainly be attributed to a higher average freight rate of 2,003 USD/TEU (2020: 1,115 USD/TEU). Transport volumes were roughly on a par with the prior-year level, at 11.9 million TEU (2020: 11.8 million TEU), due to the strained supply chains.
Hapag-Lloyd will publish its 2021 Annual Report with the audited financial figures and an outlook for the current financial year on 10 March 2022.
Explanatory notes relating to the performance measures EBITDA and EBIT referred to herein can be found here: https://www.hapag-lloyd.com/en/ir/publications/financial-report.html