Hapag Lloyd Q3 net profit up with $ 290 million
Hapag-Lloyd delivered strong third quarter results with earnings before interest, taxes, depreciation and amortisation (EBITDA) of more than USD 2 billion (EUR 1.8 billion), which represents a 20.4 percent increase over the prior-year figure.
At the same time, earnings before interest and taxes (EBIT) rose to USD 965 million (EUR 858 million), surpassing the corresponding prior-year figure of USD 722 million (EUR 643 million).
The Group net result improved to USD 605 million (EUR 538 million), an increase of USD 272 million (EUR 241 million) over the previous year.
Hapag Lloyd CEO Rolf Habben Jansen optimistic for the future
“In this nine-month period, we have achieved a good result and strictly managed our costs while at the same time benefiting from improved market conditions in the third quarter.
However, with its increasing number of cases worldwide, the COVID-19 pandemic continues to pose high risks to the logistics industry and the supply chains of our customers.
We will stick to our present course, continue to implement our Strategy 2023, and keep a close eye on the well-being of our employees, the needs of our customers and our operating cost,” said Rolf Habben Jansen, CEO of Hapag-Lloyd