Hapag-Lloyd spooked investors this morning, issuing a profit warning based on its accounts for the first five months of trading, causing its shares at one stage to drop 21%.
The German carrier has downgraded its ebit guidance from “clearly increasing” the €410m recorded in 2017, to “between €200m and €450m”.
Given that Hapag-Lloyd only managed a net profit of €32m last year, it appears likely the board are now resigned to the carrier posting …
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Source: The Loadstar
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