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The house Jefferies badysis left the clbadification of Hapag-Lloyd after a profit warning of the container shipping company on "Buy" with a target price of 45 euros. According to the group, operating costs have risen sharply, particularly in terms of fuel costs and charter rates.
Hapag-Lloyd now calculates its earnings before interest, taxes, depreciation and amortization (EBITDA) at between 900 and 1.15 billion euros, after reaching 1.05 billion euros the previous year . In the best case, the EBIT could also rise to 450 million euros.
The spokesman for the forecast explained to the spokesman the volatility of maritime activity, strongly geared to economic development. According to the Group, the austerity measures that have been introduced so far are not enough to cope with the increasing pressure on costs.
In the stock market, the news has caused a fall in prices. At 28.12 euros, shares traded at the lowest level of the year and were down 21.7%. In 2017, the company, which teamed with the Arab UASC shipping business, after the previously red numbers, net profit again made. Its initially unchanged buying vote is based on better market conditions after the first half with better freight rates. "The resulting risks should no longer burden the taxpayers of Hamburg."
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