Hapag-Lloyd with good start to the year, market environment remains highly volatile

30 April 2025

• Group profit significantly up in Q1 2025 compared to Q1 2024
• Outlook for 2025 unchanged: lower earnings expected in difficult market environment
• Continued focus on Strategy 2030 and rigorous cost management

Hapag-Lloyd has concluded the first quarter of 2025 with a Group EBITDA of USD 1.1 billion (EUR 1.0 billion). In the same period, the Group EBIT increased to USD 487 million (EUR 463 million) and the Group profit increased by 45%, to USD 469 million (EUR 446 million).

In the Liner Shipping segment, revenues increased to USD 5.2 billion (EUR 5.0 billion). The main drivers of this were a transport volume of 3.3 million TEU and an average freight rate of 1,480 USD/TEU, both of which were 9% higher than in the same quarter of 2024 due to strong demand. Compared to the first quarter of 2024, the EBITDA rose by 18%, to USD 1.1 billion (EUR 1.0 billion) and the EBIT rose by 25%, to USD 472 million (EUR 448 million).

In the Terminal & Infrastructure segment, an EBITDA of USD 36 million (EUR 34 million) and an EBIT of USD 15 million (EUR 14 million) were achieved in the first quarter of 2025. In addition, the acquisition of a majority stake in the CNMP LH Terminal in Le Havre secured strategically important access to the French market.

"With this quarterly result, we have gotten 2025 off to a good start. In Gemini Cooperation, we have achieved the targeted high schedule reliability, with which we have been able to clearly set ourselves apart from our competitors. We have made good progress with Hanseatic Global Terminals as we strengthened our position in France. The situation in the Red Sea and the impact of global tariffs and trade policies continue to be causes for concern for the entire logistics industry and bring with them considerable uncertainty. We will continue to implement our Strategy 2030, vigorously focus on our costs and target additional savings of more than USD 1 billion within the next 18 months," said Rolf Habben Jansen, CEO of Hapag-Lloyd AG.

For the 2025 financial year, the Executive Board continues to expect the Group EBITDA to be in the range of USD 2.5 to 4.0 billion (EUR 2.4 to 3.9 billion) and the Group EBIT to be in the range of USD 0.0 to 1.5 billion (EUR 0.0 to 1.5 billion). In light of major geopolitical challenges and volatile freight rates, the Outlook is subject to a very high degree of uncertainty.

The financial report for the first quarter of 2025 is available here.


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About Hapag-Lloyd
With a fleet of 308 modern container ships and a total transport capacity of 2.4 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. In the Liner Shipping segment, the Company has around 14,000 employees and around 400 offices in about 140 countries. Hapag-Lloyd has a container capacity of 3.7 million TEU - including one of the largest and most modern fleets of reefer containers. A total of 135 liner services worldwide ensure fast and reliable connections between more than 600 ports on all the continents. In the Terminal & Infrastructure segment, Hapag-Lloyd has equity stakes in 21 terminals in Europe, Latin America, the United States, India and North Africa. Around 3,000 employees are assigned to the Terminal & Infrastructure segment and provide complementary logistics services at selected locations in addition to the terminal activities.

Hapag-Lloyd press release