Germany's Hapag-Lloyd Q1 profit turns negative on lower freight rates

Hapag-Lloyd AG

13/05/2026 06:39

Overview

Germany liner shipping firm's Q1 revenue fell yr/yr on lower freight rates, supply chain disruptions

Group profit and EBIT turned negative from prior-year profit, reflecting challenging market conditions

Company maintains 2026 outlook, expects lower earnings amid volatile market environment

Outlook

Hapag-Lloyd maintains 2026 EBITDA outlook at $1.1 bln to $3.1 bln

Company expects 2026 EBIT between -$1.5 bln and $0.5 bln

Company says outlook remains subject to considerable uncertainty due to volatile freight rates and Middle East conflict

Result Drivers

LOWER FREIGHT RATES - Co said lower average freight rates reduced revenue in Liner Shipping segment

OPERATIONAL DISRUPTIONS - Severe weather and the blockage of the Strait of Hormuz disrupted supply chains and terminal operations

TERMINAL SEGMENT GROWTH - Revenue in Terminal & Infrastructure segment rose due to full consolidation of J M Baxis and strong volume growth in Latin America and India

Company press release: ID:nEQ7q2CgYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$4.92 bln
Q1 Net Income
-$256 mln
Q1 EBIT
-$157 mln
Q1 EBITDA
$494 mln
Q1 EBITDA Margin
10.00%
Q1 EBIT Margin
-3.00%


Analyst Coverage

The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and 6 "sell" or "strong sell"

The average consensus recommendation for the marine freight & logistics peer group is "hold."

Wall Street's median 12-month price target for Hapag-Lloyd AG is €114.00, about 2.4% below its May 12 closing price of €116.80

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)