Hapag-Lloyd raises full year outlook on stronger-than-expected demand

(Reuters) – German international shipping company Hapag-Lloyd said on Thursday that it is raising its full-year earnings guidance, citing stronger-than-expected demand and improved freight rates.

Hapag-Lloyd now expects earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2024 to be between $4.6 billion and $5 billion, previously expecting between $3.5 and $4.6 billion.