Hapag-Lloyd has ended the first quarter of 2019 on a high as operating profit rose to €214m (US$240.4m) from €51m (US$57.3m) in 2018.
The group net result increased to €96m (US$107.9m) – a vast improvement on 2018’s Q1 result of -€34m (US$38.2m) while revenues increased by 17% to €3.1bn (US$3.5bn) and transport volumes increased by 2% to 2.929m teu.
Rolf Habben Jansen, CEO of Hapag-Lloyd, said: “Thanks to higher transport volumes, better freight rates and a stronger US dollar, we achieved a good result and got the year off to a very decent start.”
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