Hapag-Lloyd : Interim results bring no big surprises. Neutral rating maintained
>Interim results broadly in line with forecasts. - Hapag-Lloyd reported this morning its 2024 results, broadly in line with forecasts and the preliminary figures published last month. Group revenues came to € 8.80bn, down 12% y-o-y over the half-year (but up +2.9% over Q2 alone, due to the better price environment), while we had expected € 8.76bn and the consensus (Visible Alpha) € 8.75bn. This decline reflects a 5% volume increase over the half-year (namely +3.2% in ...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.
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