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HAPAG-Lloyd posted significant earnings increases for the first half of 2022, and it raised its earnings outlook for the full year.

These increases were not the result of increased volumes, but of increased freight rates, according to the company.

Based on preliminary figures, group EBITDA for the first half year of 2022 is in the range of US$10.9 billion (€10.0 billion) and group EBIT is around US$9.9 billion (€9.1 billion).

The company said the transport volume of around 6 million TEU for the period was at the level of the previous year. At the same time, the average freight rate increased by approximately 80%.

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“Based on current business performance, the second half year should also exceed previous expectations,” the company said.

For 2022, the company expects its group EBITDA to be in the range of US$19.5 to 21.5 billion (€18.2 to 20.1 billion) and group EBIT in the range of US$17.5 to 19.5 billion (€16.3 to 18.2 billion).

“In view of the war in Ukraine, the continuing disruptions to global supply chains and the effects of the COVID-19 pandemic, the forecast is subject to considerable uncertainty,” the company said.

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