The German shipping line Hapag-Lloyd is not one to bandy about words like “whopping” or “skyrocketed” or “best ever” when describing bottom-line financial results. But the bottom line is Hapag-Lloyd’s first-quarter 2021 earnings before interest and taxes of $1.5 billion equaled the EBIT for all four quarters of 2020.
For Q1 alone, EBIT was up by $1.36 billion — that’s billion with a B — from $176 million in 2020 to the $1.53 billion this year.
Earnings before interest, taxes, depreciation and...
https://www.freightwaves.com/news/hapag-lloyd-rakes-in-more-in-q1-than-all-of-2020