Chile · Delayed Price · Currency is CLP Compañía Sud Americana de Vapores Earnings Call Transcripts
Fiscal Year 2026
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Q1 results were weak as lower freight rates, weather disruptions and Middle East conflict drove higher costs. Management expects recovery as volumes and rate indicators improve and fuel surcharges and contract repricing take effect in Q2–Q3.
Fiscal Year 2025
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Q1 profit was $149m, with Hapag-Lloyd’s stronger results supporting earnings and a EUR 520m tax-retention balance outstanding. Gemini ramp-up drove 9% volume growth, while tariffs and freight-rate uncertainty remain key risks to the outlook.
Fiscal Year 2024
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Q3 results were supported by higher volumes and freight rates, while rerouting drove up costs. Hapag-Lloyd forecast FY EBIT of $2.4bn–$2.8bn; CSAV reported $194.6m nine-month profit and held €487m in German tax recoverables.
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Q1’s $159.1m net loss reflected exceptional tax costs, while Hapag-Lloyd recovered sequentially amid Red Sea capacity constraints and stronger demand. FY EBIT guidance narrowed to $0–$1.1bn, with substantial uncertainty around demand and route normalization.
Fiscal Year 2023
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2023 net income was $258m, with significant tax expense; excluding it, net income would have been $1bn. Hapag-Lloyd's EBIT fell to $2.7bn, while disruption-driven capacity constraints supported rate recovery and 2024 outlook remained uncertain.