Hapag-Lloyd announced on its official website on December 8 to increase its profit forecast for the full year of 2020. This is the second time that Hapag-Lloyd has raised its full-year profit forecast after October this year.
According to Hapag-Lloyd’s latest forecast, the full-year EBITDA is between 2.6 billion and 2.7 billion euros, compared with previous expectations of 2.4 to 2.6 billion euros. EBIT for the whole year is expected to be 1.25 billion to 1.35 billion euros, compared to 1.1 billion to 1.3 billion euros previously expected.
Hapag-Lloyd said that the newly measured EBIT also includes an impairment of about 100 million euros, especially those related to the optimized portfolio of ship investment. In the previous profit forecast, these factors were not considered.
Rolf Habben Jansen, CEO of Hapag-Lloyd, explained: “The strong demand in the container shipping market in the fourth quarter of this year is surprising. At present, we are deploying every ship that can be used. In addition, we will continue to control through the performance guarantee program. Cost. Taking into account the current situation, we expect the annual profit level to be higher than expected.”
He also emphasized that the epidemic is still spreading globally, and will continue to pay close attention to the safety of employees and customers’ supply chains, and continue to implement “Strategy 2023.”
In addition, Rolf Habben Jansen also revealed to the media that an important next decision of the company is whether to order ultra-large container ships in the first half of 2021.
“We are still discussing this aspect. I don’t think this is a secret. Although no documents have been officially signed, as I said before, there is nothing unreasonable for us to order a new ship.” He explained. .