[vc_row][vc_column][vc_column_text]Hapag-Lloyd closed the third quarter of 2017 with a significant positive Group net profit and a much improved operating result (EBIT). The integration with United Arab Shipping Company (UASC) is almost completed and on schedule to be finalised by the end of the year.
For the third quarter, the net profit amounted to EUR 54.3 million (prior year period: EUR 8.2 million), the EBIT rose to EUR 180.6 million (prior year period: EUR 65.6 million), and the EBITDA stood at EUR 361.5 million (prior year period: EUR 184.6 million).
In the first nine months of 2017, Hapag-Lloyd was able to achieve an EBITDA and EBIT of EUR 721.9 million (prior year period: EUR 381.3 million) and EUR 267.9 million (prior year period: EUR 25.9 million), and a positive Group profit result after taxes of EUR 8.2 million (prior year period: EUR -133.9 million).
Transport volume increased by 24.4% in the first nine months, from 5.65 million TEU to 7.03 million TEU, transport expenses (excluding bunker costs) only rose by 17.8 per cent – primarily due to cost savings as well as additional fleet and network optimisation.
Freight rates continued to recover in the third quarter, standing at $ 1,060/TEU after nine months (prior-year period: $ 1,037/TEU).[/vc_column_text][/vc_column][/vc_row]
