Upcoming Dividend • May 14
Upcoming dividend of €3.00 per share Eligible shareholders must have bought the stock before 21 May 2026. Payment date: 26 May 2026. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 2.6%. Lower than top quartile of Italian dividend payers (4.6%). Lower than average of industry peers (4.0%). Valuation Update With 7 Day Price Move • Apr 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €113, the stock trades at a trailing P/E ratio of 22.3x. Average forward P/E is 9x in the Shipping industry in Europe. Total loss to shareholders of 43% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €172 per share. Announcement • Apr 01
Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, May 20, 2026 Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, May 20, 2026, at 10:30 W. Europe Standard Time. Announcement • Mar 31
Hapag-Lloyd Aktiengesellschaft announces Annual dividend, payable on May 26, 2026 Hapag-Lloyd Aktiengesellschaft announced Annual dividend of EUR 3.0000 per share payable on May 26, 2026, ex-date on May 21, 2026 and record date on May 22, 2026. Reported Earnings • Mar 27
Full year 2025 earnings released: EPS: €5.18 (vs €13.57 in FY 2024) Full year 2025 results: EPS: €5.18 (down from €13.57 in FY 2024). Revenue: €18.6b (down 2.5% from FY 2024). Net income: €909.8m (down 62% from FY 2024). Profit margin: 4.9% (down from 13% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Shipping industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 65 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Mar 17
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to €157. The fair value is estimated to be €131, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 89%. For the next 3 years, revenue is forecast to decline by 1.4% per annum. Earnings are forecast to grow by 1.0% per annum over the same time period. Announcement • Feb 28
Hapag-Lloyd Announces Board Changes Hapag-Lloyd Aktiengesellschaft announced that Due to illness, chairman Michael Behrendt, a long-term servant to German liner giant Hapag-Lloyd, is cutting back his role at the Hamburg firm. Behrendt, 74, who was Hapag-Lloyd’s CEO for 12 years through 2014, and has been chairman of the supervisory board since then, will now become an ordinary member of the board. Taking his place as chairman is a well-known name in German business circles, Karl Gernandt, whose career has seen him hold senior positions at Deutsche Bank, Holcim, Kuehne Holding and Lufthansa. Gernandt, 65, has been on the Hapag-Lloyd board since 2009. New Risk • Feb 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Italian stocks, typically moving 5.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (93% payout ratio). Share price has been volatile over the past 3 months (5.2% average weekly change). Announcement • Feb 16
Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) and First Israel Mezzanine Investors Ltd. (PIMI) proposed to acquire ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) for approximately $3.5 billion. Hapag-Lloyd Aktiengesellschaft (XTRA:HLAG) and First Israel Mezzanine Investors Ltd. (PIMI) proposed to acquire ZIM Integrated Shipping Services Ltd. (NYSE:ZIM) for approximately $3.5 billion on February 15, 2026. A cash consideration of $3.5 billion will be paid by Hapag-Lloyd Aktiengesellschaft and First Israel Mezzanine Investors Ltd. As part of consideration, $3.5 billion is paid towards common equity of ZIM Integrated Shipping Services Ltd. The proposed deal value is significantly exceeding ZIM's current market value by approximately $800 million. Hapag-Lloyd was declared the winner of the bid to acquire ZIM, along with the Israeli investment fund PIMI. As part of the transaction, Hapag-Lloyd acquires ZIM's international business, global trade routes and international infrastructure; PIMI retains control over ZIM's critical Israeli operations, including the fleet of 16 Israeli-flagged vessels, key shipping routes to and from Israel, and computer control systems; and The fund will also be responsible for complying with regulatory requirements of the Israeli Ministry of Transport and Ministry of Defense, such as maintaining a minimum number of vessels in ownership.
The required approvals of the transaction by the Management Board and the Supervisory Board of the Company, as well as by the competent corporate bodies of the contractual counterparties have not yet been granted. Furthermore, the consent of the State of Israel based on its special rights set forth in the articles of association of ZIM is required. The completion of the transaction would require additional regulatory approvals and the consent of the shareholders’ meeting of ZIM. Reported Earnings • Nov 15
Third quarter 2025 earnings released: EPS: €0.77 (vs €5.43 in 3Q 2024) Third quarter 2025 results: EPS: €0.77 (down from €5.43 in 3Q 2024). Revenue: €4.67b (down 11% from 3Q 2024). Net income: €134.5m (down 86% from 3Q 2024). Profit margin: 2.9% (down from 18% in 3Q 2024). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to decline by 2.3% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 74 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 14
Second quarter 2025 earnings released: EPS: €1.47 (vs €2.44 in 2Q 2024) Second quarter 2025 results: EPS: €1.47 (down from €2.44 in 2Q 2024). Revenue: €4.63b (up 2.0% from 2Q 2024). Net income: €258.2m (down 40% from 2Q 2024). Profit margin: 5.6% (down from 9.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is expected to fall by 3.6% p.a. on average during the next 3 years compared to a 1.1% decline forecast for the Shipping industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 56 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 05
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at €128. The fair value is estimated to be €106, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 23% over the last 3 years. Earnings per share has declined by 73%. For the next 3 years, revenue is forecast to decline by 2.7% per annum. Earnings are also forecast to decline by 17% per annum over the same time period. Reported Earnings • May 15
First quarter 2025 earnings released: EPS: €2.51 (vs €1.67 in 1Q 2024) First quarter 2025 results: EPS: €2.51 (up from €1.67 in 1Q 2024). Revenue: €5.05b (up 19% from 1Q 2024). Net income: €441.7m (up 50% from 1Q 2024). Profit margin: 8.7% (up from 6.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 2.4% p.a. on average during the next 3 years, while revenues in the Shipping industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 46 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Apr 25
Upcoming dividend of €8.20 per share Eligible shareholders must have bought the stock before 02 May 2025. Payment date: 06 May 2025. Payout ratio is a comfortable 60% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of Italian dividend payers (5.7%). Lower than average of industry peers (7.6%). Valuation Update With 7 Day Price Move • Apr 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €121, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 4x in the Shipping industry in Europe. Total loss to shareholders of 40% over the past three years. Declared Dividend • Mar 26
Dividend reduced to €8.20 Dividend of €8.20 is 11% lower than last year. Ex-date: 1st May 2025 Payment date: 6th May 2025 Dividend yield will be 5.7%, which is higher than the industry average of 4.7%. Sustainability & Growth Dividend is covered by both earnings (60% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 95% per year over the past 6 years. However, payments have been volatile during that time. EPS is expected to decline by 35% over the next 3 years. Since a fall of 33% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Announcement • Mar 23
Hapag-Lloyd Aktiengesellschaft announces Annual dividend, payable on May 06, 2025 Hapag-Lloyd Aktiengesellschaft announced Annual dividend of EUR 8.2000 per share payable on May 06, 2025, ex-date on May 01, 2025 and record date on May 05, 2025. Announcement • Mar 22
Hapag-Lloyd Aktiengesellschaft Provides Earnings Guidance for the Financial Year 2025 Hapag-Lloyd Aktiengesellschaft provided earnings guidance for the financial year 2025. For the year 2025, the company expects the group EBIT to be in the range of USD 0.0 to 1.5 billion (EUR 0.0 to 1.5 billion). Announcement • Mar 21
Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, Apr 30, 2025 Hapag-Lloyd Aktiengesellschaft, Annual General Meeting, Apr 30, 2025, at 10:30 W. Europe Standard Time. 
