Container shipping company Hapag-Lloyd announced a decrease in its 2024 net profit by 18.9%, along with a proposed 11.4% reduction in dividends compared to 2023, due to reduced interest income and higher tax costs. CEO Rolf Habben Jansen stated that 2025 earnings were expected to be lower than 2024, citing uncertainties in freight rates and geopolitical shifts. The company plans to monitor expenses closely and focus on terminal and onshore operations in the upcoming year.
The shipping industry, reflecting global trade and economic health, faces challenges like the Red Sea conflict and U.S. tariff impacts. Hapag-Lloyd's 2024 net profit dropped to €2.4 billion from €2.9 billion the previous year, with a proposed dividend of €8.20 per share, down from €9.25. EBITDA for 2025 is projected to be between €2.4 and €3.9 billion, lower than the €4.6 billion recorded in 2024, and EBIT is expected to range from zero to €1.5 billion, down from €2.6 billion in 2024.
Revenue in 2024 increased by 6.7% to €19.1 billion due to a 5% rise in transport volumes and stable freight rates. Hapag-Lloyd, with a fleet of 299 container ships, is ranked as the world's fifth largest shipping liner.