EQS-News Hapag-Lloyd publishes 2022 annual report and announces forecast for the current financial year

• Extraordinarily strong Group profit in year of 175th anniversary
• Proposed dividend of EUR 63 per share
• Outlook: gradual normalisation of results expected

Hapag-Lloyd today published its annual report for 2022, the year of its 175th anniversary. According to the report, Hapag-Lloyd’s EBITDA increased to USD 20.5 billion (EUR 19.4 billion). EBIT grew to USD 18.5 billion (EUR 17.5 billion), and the Group profit improved to USD 18 billion (EUR 17 billion).

“Overall, we look back on a very successful 2022 with exceptionally strong results. This has enabled us to strengthen our financial resilience and asset structure once again. In addition, we have improved the quality of service for our customers and invested in terminals and infrastructure as well as in the efficiency of our fleet. However, costs – such as for fuel, charter vessels and container handling – have risen significantly,” said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.

Revenues increased to USD 36.4 billion (EUR 34.5 billion). This can mainly be attributed to an increase in the average freight rate, to 2,863 USD/TEU (2021: 2,003 USD/TEU). However, already by the end of the year, the freight rate had significantly decreased due to easing congestion in ports and lower demand. Transport volumes remained on a par with the prior-year level, at 11.8 million TEU (2021: 11.9 million TEU), due to the strained supply chains. At the same time, high inflation was clearly noticeable in the per-unit costs. Transport expenses rose by 18.5 percent, to USD 14.5 billion (EUR 13.7 billion).