Hapag-Lloyd sees earnings quadruple in fourth quarter

Hapag-Lloyd saw its earnings quadruple in the fourth quarter, contributing to a slight rise in full-year figures due to higher transport volumes combined with a stable average freight, the company said on Thursday.

Earnings before interest, taxes, depreciation and amortization (EBITDA) stood at 1.3 billion euros ($1.35 billion) in the final three months of the year compared to 300 million euros in the corresponding 2023 period, according to preliminary figures.