Hapag-Lloyd AG shareholders approved with the required majority all items on the agenda put to the vote at the Annual General Meeting of the German company.
This included the appropriation of the net profit and thereby the payment of a dividend of €63 (around US$70) per share.
“I am very delighted that Hapag-Lloyd AG is distributing a dividend commensurate with the result so that shareholders can participate in this very positive business performance. There is also continuity in the composition of the Supervisory Board, which enables us to keep benefitting from the existing competencies and to seamlessly maintain the very constructive cooperation of recent years,” said Michael Behrendt, chairman of the supervisory board of Hapag-Lloyd AG.
As stated in the forecast for the current 2023 financial year published on 2 March, Hapag-Lloyd expects earnings to gradually normalise.
The Hamburg-based carrier’s EBITDA is expected to be in the range of US$4.3 to 6.5 billion and EBIT to be in the range of US$2.1 to 4.3 billion.
However, Hapag Lloyd noted that this forecast remains subject to considerable uncertainty given the ongoing war in Ukraine and other geopolitical conflicts as well as the impacts of high inflation.
Rolf Habben Jansen, CEO of Hapag-Lloyd AG, commented, “We have got the current financial year off to a good start. However, the cooling of the economy will lead to a significant decline in earnings, which is why we will focus on keeping a firm eye on our costs and continuing to act flexibly in the market. In addition, we will be setting the strategic course that we will pursue until 2030.”
