2023 Hapag-Lloyd annual report shows decreased earnings due to global supply chain normalization, with EBITDA at $4.8B, EBIT at $2.7B, and profit at $3.
German container shipping company Hapag-Lloyd has published its annual report for 2023, revealing a significant decrease in earnings due to the normalisation of global supply chains. The Group EBITDA stood at $4.8 billion, while the Group EBIT experienced a year-on-year decrease to $2.7 billion, and the Group profit to $3.2 billion. The company expects earnings to decline further in 2024 amid a challenging economic and political environment, particularly due to the crisis in the Red Sea.
March 14, 2024
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