Hapag-Lloyd (HLAG) Q4 2024 TU earnings summary

Executive summary

• Preliminary 2024 results show EBITDA of USD 5.0 billion and EBIT of USD 2.8 billion, both slightly higher than 2023 and at the upper end of adjusted guidance.

• Revenue increased to USD 20.7 billion, driven by a 5% rise in transport volume to 12.5 million TEU, despite operational challenges in the Red Sea.

• Average freight rate remained stable at USD 1,492/TEU, nearly unchanged from the prior year.

Financial highlights

• Q4 2024 revenue was USD 5.4 billion, up from USD 4.1 billion in Q4 2023.

• Q4 2024 EBITDA reached USD 1.4 billion, compared to USD 0.3 billion in Q4 2023.

• Full-year EBIT rose to USD 2.8 billion from USD 2.7 billion in 2023.

• Transport volume for 2024 was 12.5 million TEU, up from 11.9 million TEU in 2023.

Outlook and guidance

• Audited financial figures and outlook for 2025 will be published on March 20, 2025.