Hapag-Lloyd : Better volumes and tight control of costs. Neutral recommendation maintained, target price lifted to € 150 (vs € 120)
>Improved profitability thanks to tight control of costs - Hapag-Lloyd's Q1 2024 results publication, despite reflecting a sharp fall compared with the figures for a year ago (a 23% drop in freight rates notably), brought its share of pleasant surprises, mainly better-than-expected profitability, with EBITDA at € 868m, well above expectations (+22% compared with the css collected by the company). Despite volume growth of 7% -driven by strong demand, particularly in th...Hapag-Lloyd is a container liner shipping company. Co.'s core business is the shipping of containers by sea but also encompasses transport services from door to door. Co. transports hazardous goods by sea, road, rail, and inland waterway vessels; and provides reefer solutions to transport temperature-sensitive products, including perishable cargoes; and high value reefer cargoes, such as pharmaceuticals, healthcare products, and more. Co. also offers security information services; e-commerce solutions in the shipping industry; logistics services, such as pre-carriage and on-carriage transport services; and customs clearance services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.