Hapag-Lloyd achieved a significantly higher operating result (EBIT) for the full year 2017.
Based on the preliminary unaudited figures, earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed up to EUR 1,055 million (2016: EUR 607 million) and the operating result before interest and taxes (EBIT) increased significantly to EUR 411 million (2016: EUR 126 million) in 2017. The EBITDA margin grew to 10.6% compared to 7.9% in 2016. Besides a positive development of the worldwide container transport volume and a slight recovery of freight rates, this development was mainly driven by the merger with the United Arab Shipping Company Ltd. (UASC). In the 4th Quarter 2017 EBITDA increased to EUR 333 million (Q4 2016: EUR 226 million) and EBIT to EUR 143 million (Q4 2016: EUR 101 million). READ MORE HERE