Ocean Carriers

Hapag-Lloyd Announces Net Profit for 2015

Hapag-Lloyd Announces Net Profit for 2015
Danny Gill

Hapag-Lloyd announced a net profit of EUR 114 million (previous year: EUR -604 million) in the financial year 2015. EBITDA amounted to EUR 831 million (previous year: EUR 99 million) and the operating result (EBIT) to EUR 366 million (previous year: EUR -383 million).

In 2015, Hapag-Lloyd’s transport volume rose by 25.3% year on year to 7.401 million TEU. The average freight rate in the previous financial year was 1,225 USD/TEU, which represents a decline of 202 USD/TEU, or 14.2%, on 2014. Revenue reached EUR 8.842 billion in the past financial year, following EUR 6.808 billion in the previous year. The increases in volume and revenue were primarily attributable to the acquisition of CSAV’s container activities.

“The result for the year is in line with our expectations. Hapag-Lloyd has delivered what we promised. Also in comparison with our main competitors, Hapag-Lloyd has made up tremendous ground and is back among the top performers in the industry,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG, commenting on the presentation of the final figures for 2015. “We’ve worked hard for this success by quickly integrating CSAV’s container business and by exploiting the synergies, as well as with the OCTAVE cost-cutting and efficiency program, which will make a total earnings contribution of in total USD 600 million from 2016. On the back of this success, we already launched OCTAVE 2 towards the end of  2015. In this program we have again identified promising potential that should further improve our efficiency.” In 2016 Hapag-Lloyd has started the roll out of the “Compete to Win” program, to increase focus on the customer and improve revenue quality.

Ocean Carriers
Danny Gill

Danny is currently a Contributing Writer for Airfreight Logistics and Logistics Manager (LM) and is quite the foodie. He’s always on the hunt for new and exciting dishes to sample, and is never one to back down from a spicy challenge. His travels have taken him around the world, and he’s been able to experience many different cultures (and food).

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