Hapag-Lloyd : Q1 publication significantly above forecasts
>Q1 results well above forecasts - Hapag-Lloyd has just published Q1 results that came in well above expectations. Group revenues were down 24% y-o-y to € 4,260m (Visible Alpha consensus at € 4,171m and our estimate of € 4,185m), with negative price effects of 32% (i.e. a decline that was not as steep as expected, due to the situation in the Red Sea which has reduced a share of capacity) and volumes up 6.8% y-o-y. Group EBITDA was € 868m and naturally down sharply y-o...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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