Hapag-Lloyd sees earnings quadruple in fourth quarter

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January 30, 2025 1:53 AM EST

FILE PHOTO: Hapag-Lloyd sign on a container ship is pictured at the Valparaiso port, Chile, January 11, 2024. REUTERS/Rodrigo Garrido/File Photo

BERLIN (Reuters) - Hapag-Lloyd saw its earnings quadruple in the fourth quarter, contributing to a slight rise in full-year figures due to higher transport volumes combined with a stable average freight, the company said on Thursday.

Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at 1.3 billion euros ($1.35 billion) in the final three months of the year compared to 300 million euros in the corresponding 2023 period, according to preliminary figures.

($1 = 0.9604 euros)

(Writing by Miranda Murray, Editing by Rachel More)


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