Hapag-Lloyd Full Year 2023 Earnings: EPS Beats Expectations

Hapag-Lloyd (ETR:HLAG) Full Year 2023 Results

Key Financial Results

• Revenue: €17.9b (down 48% from FY 2022).
• Net income: €2.94b (down 83% from FY 2022).
• Profit margin: 16% (down from 49% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: €16.70 (down from €96.87 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hapag-Lloyd EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.7%.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.7% growth forecast for the Shipping industry in Europe.

Performance of the market in Germany.

The company's shares are down 16% from a week ago.

Valuation

Following the latest earnings results, Hapag-Lloyd may be overvalued based on 6 different valuation benchmarks we assess. To access our thorough examination of analyst consensus click here and discover the expected future direction of the company.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.