Hapag Lloyd Q4 2023 results

As a preview to other container shipping companies due to report their Q4 2023 results, first up was Hapag Lloyd this week.

  • Rev of 3.8B Euros
  • EBIT loses of 200M Euros
  • EBITDA of 300M Euros

Revenue fell more than 50%, but not too far from analysts expectations. I expect improvement in some stats in 2024. But, as a liner company rate improvements due to the Red Sea problems will also be accompanied by cost increases