Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Finance

Hapag-Lloyd sees earnings quadruple in fourth quarter

Published by Global Banking and Finance Review

Posted on January 30, 2025

Featured image for article about Finance

BERLIN (Reuters) - Hapag-Lloyd saw its earnings quadruple in the fourth quarter, contributing to a slight rise in full-year figures due to higher transport volumes combined with a stable average freight, the company said on Thursday.

Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at 1.3 billion euros ($1.35 billion) in the final three months of the year compared to 300 million euros in the corresponding 2023 period, according to preliminary figures.

($1 = 0.9604 euros)

(Writing by Miranda Murray, Editing by Rachel More)