Share tip of the week: Hapag-Lloyd

Stock price symbol imageimago images / Sven Simon

The global freight rates, i.e. the prices for ship-container transports, are going through the roof. Because the US and Europe demand for consumer goods in particular, the demand for ship transport from Asia significantly exceeds the shipping companies’ supply of cargo space – especially since there is also a lack of air cargo capacity.

The shipping company Hapag-Lloyd is benefiting from these developments. “The demand for container capacities in the market remains surprisingly strong in the fourth quarter as well and we are using every available ship,” explained CEO Rolf Habben Jansen. He is therefore becoming more optimistic and is now aiming for an operating result (Ebitda) of EUR 2.6 billion to EUR 2.7 billion for the full year 2020. Previously, he had expected 2.4 billion to 2.6 billion euros.

The Ebit is now 1.25 billion to 1.35 billion euros instead of 1.1 billion to 1.3 billion euros. The new target for EBIT even includes impairments of around 100 million euros, which result primarily from the planned optimization of the shipping portfolio. Should the latest trends continue, there should still be room for improvement in the new forecast – just like with the share price, which could well penetrate into three-digit price regions.


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