- Hapag-Lloyd reported an EBITDA of USD 5.0 billion and an EBIT of USD 2.8 billion.
- Total revenue rose to USD 20.7 billion due to increased demand for container transport.
- The average freight rate remained steady at 1,492 USD/TEU.
Hapag-Lloyd achieved a Group EBITDA of USD 5.0 billion (EUR 4.6 billion) in the 2024 financial year, based on preliminary and unaudited figures. The Group EBIT also saw a slight improvement compared to the previous year, reaching USD 2.8 billion (EUR 2.6 billion). Both figures are within the upper end of the company’s adjusted earnings guidance issued in October 2024. The growth in earnings is mainly due to increased transport volumes along with a steady average freight rate, which was at 1,492 USD/TEU, almost the same as the previous year’s 1,500 USD/TEU, reports Hapag-Lloyd.
Revenue Growth and Operational Performance
Revenues rose to USD 20.7 billion (EUR 19.1 billion) as demand for container transport continues to grow. Transport volumes rose by about 5 per cent to 12.5 million TEU. These results were reached despite some drawbacks, including security concerns in the Red Sea, which have resulted in some ships being diverted via the Cape of Good Hope, thereby lengthening voyage times.
Annual Report and Future Outlook
Hapag-Lloyd will publish its 2024 Annual Report, including audited financial figures and an outlook for the current financial year, on March 20, 2025.
About Hapag-Lloyd
With a fleet of 292 modern container ships and a total transport capacity of 2.3 million TEU, Hapag-Lloyd is one of the world’s leading liner shipping companies. The company operates in the Liner Shipping segment with around 13,700 employees and 399 offices worldwide in 139 countries. The company has a total container capacity of 3.4 million TEU and one of the largest and most modern fleets of reefer containers.
Hapag-Lloyd offers fast and reliable global connections through 113-liner services connecting more than 600 ports on all continents. In addition to its shipping activities, the company has equity interests in 20 terminals in Europe, Latin America, the United States, India, and North Africa. The Terminal & Infrastructure segment has 3,000 employees in logistics services at selected locations in addition to and offers comp terminal operations.
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Source: Hapag-Lloyd
