Report
Fehmi Ben Naamane

Hapag-Lloyd : Very high-quality H1 indicators, full-year guidance raised - target price increased to € 320

>Impressive H1 figures - full-year guidance raised - Hapag-Lloyd’s preliminary H1 2022 figures are impressive, though fully in line with consensus forecasts. Group EBITDA and EBIT were thus expected at around € 10.0bn and € 9.1bn, respectively. These figures include an increase in average freight rates of 80% y-o-y, vs 84% in Q1 with volumes expected to be flat y-o-y. This publication was an opportunity to further increase the full-year 2022 guidance, with group EBITD...
Underlying
Hapag-Lloyd AG

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Fehmi Ben Naamane

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