Hapag-Lloyd achieves extraordinarily strong operating result in 2021
- EBITDA and EBIT significantly higher than prior-year level
- Freight rates much higher owing to persistent excess demand
- Transport volume at prior-year level
Hamburg, 1 February 2022
On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest, taxes, depreciation and amortization (EBITDA) for the 2021 financial year increased to more than USD 12.8 billion (approximately EUR 10.9 billion). Earnings before interest and taxes (EBIT) rose to roughly USD 11.1 billion (approximately EUR 9.4 billion). The main drivers of these positive business developments have been significantly improved freight rates resulting from very strong demand for goods exported from Asia. At the same time, the major disruptions in global supply chains have led to a significant increase in transport expenses.
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:
About CSAV: Compañía Sud Americana de Vapores S.A. is one of the main shareholders of Hapag-Lloyd AG, German shipping company and the fifth in the world of container transportation.
About HLAG: Hapag-Lloyd has a fleet of 237 containerships and a total container capacity of 1.7 million TEU at the end of 2020. It maintains a portfolio of 122 regular services and a highly diversified and balanced logistics network, with a presence in 129 countries and on the main routes globally. It is a core member of THE Alliance, one of the largest operational alliances in the shipping industry.