On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest and taxes (EBIT) for the 2019 financial year significantly increased to US$ 875 million (2018: US$ 480 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to US$ 2,145 million (2018: US$ 1,23 million).
The main drivers of the positive business developments have been improved freight rates as well as rigorous cost and revenue management, according to Hapag-Lloyd.
The 2019 results include...
https://container-news.com/hapag-lloyd-enjoys-improved-operating-results/