The container line reports an extraordinary start to 2022, with an operating result of USD 5.3bn in the first quarter. CEO Rolf Habben Jansen also expects a strong second quarter, although there have been initial signs that the market has peaked.
Photo: PR / Hapag-Lloyd
German container line Hapag-Lloyd had an ”extraordinarily strong start” to 2022 with a first-quarter operating result (EBITDA) of USD 5.3bn against USD 4.7bn in the same period last year.
The carrier is also seeing the first signs that the container market has peaked, according to a financial statement.
”The year has got off to an exceptionally strong start on the whole, and whilst there have been first signs that the market has passed its peak we also expect a strong second quarter,” says Chief Executive Rolf Habben Jansen in the statement.
The carrier’s EBIT operating result came to USD 4.8bn, with group profit growing to USD 4.7bn, earned from a revenue of USD 9bn.
”Based on the current business performance, the second quarter will exceed earlier expectations.,” reads the statement.
According to Hapag-Lloyd, the container market remains highly characterized by bottlenecks and delays, which the carrier expects to ease in the year’s second half. Despite financial tailwinds, freight volumes haven’t kept up.
