October 02, 2014 3:10 AM ET

Marine

Company Overview of Hapag-Lloyd AG prior to merger with Hapag-Lloyd Holding AG

Company Overview

As of August 19, 2013 Hapag-Lloyd AG was acquired by Hapag-Lloyd Holding AG. Hapag-Lloyd AG provides line shipping services. The company offers cargo transportation services. Additionally, it provides customs clearance and cargo storage and insurance services. The company was founded in 2011 and is based in Hamburg, Germany.

Ballindamm 25

Hamburg,  20095

Germany

Founded in 2011

Phone:

49 40 3001 0

Fax:

49 40 336432

Key Executives for Hapag-Lloyd AG prior to merger with Hapag-Lloyd Holding AG

Hapag-Lloyd AG prior to merger with Hapag-Lloyd Holding AG does not have any Key Executives recorded.

Hapag-Lloyd AG prior to merger with Hapag-Lloyd Holding AG Key Developments

Hapag-Lloyd AG Announces Earnings Results for the Third Quarter and Nine Months of 2013; Provides Earnings Guidance for the Full Year of 2013

Hapag-Lloyd AG announced earnings results for the third quarter and nine months of 2013. For the quarter, the group recorded a profit of EUR 16.6 million, despite freight rates that continued to deteriorate. Revenue came to EUR 1.664 billion against EUR 1.765 billion, largely due to exchange rate effects. The group achieved an operating result of EUR 66.9 million and EBITDA of EUR 133.6 million. For the nine months, revenue totaled EUR 5.022 billion. The approximately 2.7% year on year decline from EUR 5.160 billion a year ago, is almost entirely attributable to exchange rate effects, in particular the weakness of the US dollar. Cumulative EBITDA came to EUR 305.4 million, which was a sizeable EUR 60.4 million increase on the previous year's figure. There was a more than fourfold increase in the positive operating result to EUR 80.4 million against EUR 17.9 million previous year. The group posted a cumulative net negative result of EUR 56.1 million which is EUR 38.0 million higher than in the previous year. The improvement in earnings was due to the company's sizeable, global cost savings as well as a slight drop in the bunker consumption price. The company provided earnings guidance for the full year of 2013. The company expects to continue strive for a positive operating result for the full year 2013.

Hapag-Lloyd AG Presents at German Equity Capital Forum 2013, Nov-13-2013 09:45 AM

Hapag-Lloyd AG Presents at German Equity Capital Forum 2013, Nov-13-2013 09:45 AM. Venue: Congress Center der Messe, Frankfurt/Main, Germany. Speakers: Henrik Schilling, Director Capital Markets, Peter Ganz, CFO.

Hapag-Lloyd AG, Board Meeting, Sep 24, 2013

Hapag-Lloyd AG, Board Meeting, Sep 24, 2013. Agenda: To consider management changes.

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