Hapag Lloyd H1 2023

Investment Analysis Clubs Value Hounds
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  • H1 EBITDA of $3.8B
  • Transport volumes declined 3.4% YoY
  • Risk factors at the bottom of the article

Hapag-Lloyd achieves robust half-year results in a weaker market environment | Hellenic Shipping News Worldwide

If one owns GSL shares, developments @ Hapag Lloyd have a bearing as GSL begins to see a significant revenue ramp-up from Hapag Lloyd starting in H2 2023 (Six midsize vessels start their charters in the next 3 - 9 months).

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Oops! I thought I was posting on the Shipping board.

I should note that Hapag Lloyd has had a terrible 1-year performance. But, on a longer time horizon, say 5-years or longer, the company has performed quite well. Hapag Lloyd has an interesting and varied shareholder base

  • German holding entity Kuhne 30%
  • Chilean stock CSAV 30%
  • City of Hamburg 13.9%
  • Wealth Funds of Qatar 12.3%
  • Wealth Fund of Saudi Arabia 10.2%
    leaving the free float a small 3.6%