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Hapag-Lloyd AG: Hapag-Lloyd AG adjusts its outlook
Hapag-Lloyd AG / Key word(s): Profit Warning
18.07.2016 08:05
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Hapag-Lloyd AG adjusts its outlook for the financial year 2016 as the
development of the freight rates is significantly weaker than expected. The
revised expectation of the Executive Board is a clearly decreasing EBITDA
and a clearly decreasing EBIT compared with previous year.
In the second quarter of 2016 the average freight rate of Hapag-Lloyd AG
decreased to 1,019 USD/TEU, i.e. 245 USD/TEU below prior year period (1,264
USD/TEU in Q2 2015). The recovery at the beginning of July does not seem
sufficient and sustainable enough. Additionally bunker prices have
increased throughout the second quarter of 2016. After the potential
Business Combination with United Arab Shipping Company S.A.G. (UASC)
transaction related one-off costs will also impact the results in 2016.
18.07.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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: [email protected]
Internet: www.hapag-lloyd.com
ISIN: DE000HLAG475, USD33048AA36
WKN: HLAG47, A1E8QB
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News-Service
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