Reported 1 day ago
Hapag-Lloyd announced an 18.9% decrease in net profit for 2024, falling to €2.4 billion, alongside a proposed 11.4% cut in dividends. The decline was attributed to lower interest income and increased tax expenses, with forecasts for 2025 suggesting even lower earnings due to geopolitical instability and fluctuating freight rates. Despite a 6.7% increase in revenues for 2024, the company is focusing on cost management and expanding its terminal operations.
Source: YAHOO