EBITDA and EBIT fundamentally higher in spite of the Covid pandemic, Freight rate improved, transport volumes somewhat beneath earlier year level, Performance Safeguarding Program effectively actualized.
Hapag-Lloyd’s income before interest, expenses, devaluation and amortization (EBITDA) for the 2020 monetary year expanded to more than USD 3 billion (around EUR 2.7 billion). Income before interest and duties (EBIT) rose to around USD 1.5 billion (roughly EUR 1.3 billion). Both key figures are along these lines in accordance with the most as of late distributed profit gauge for the 2020 monetary year. The principle drivers of these positive business advancements have been improved cargo rates and lower shelter costs just as cost investment funds of generally USD 500 million coming about because of the fruitful execution of the Performance Safeguarding Program. The EBIT likewise remembers one-off costs for Q4 2020 of around USD 140 million (roughly EUR 120 million), fundamentally identified with armada enhancement.
Incomes expanded in the 2020 monetary year by around 3 percent, to USD 14.6 billion (roughly EUR 12.8 billion). This is brought about by an improved normal cargo pace of 1,115 USD/TEU (2019: 1,072 USD/TEU) though transport volumes were somewhat underneath the level of the earlier year at 11.8 million TEU (2019: 12.0 million TEU) or less 1.6 percent.
Hapag-Lloyd will distribute its 2020 Annual Report with the examined monetary figures and a viewpoint for the current monetary year on 18 March 2021.