Hapag-Lloyd AG (HLAGF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Hapag-Lloyd's Analyst and Investor Q1 2025 Result Conference Call and Live Webcast. I am Yousef, the course call operator. Today's conference is represented by Hapag-Lloyd CEO Rolf Haben-Janssen and CFO Mark Frese. I would like to remind you that all participants will be in listen-only mode and that this conference is being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star followed by one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or for broadcast. At this time, it's my pleasure to hand over to Rolf Haben Janssen. Please go ahead. So from our side, a very warm welcome and thank you for making the time to join us here today. A couple of things maybe from our side to start with before Mark talks, takes us through the numbers. I think when we look at the first quarter, I think we can say we had a good start to the year with clearly higher volumes and solid earnings, despite some continued operational challenges not last in the Red Sea. I think market demand remained quite robust, probably a little bit ahead of what a lot of people expected with, according to CTS, 4.2% up globally. And we did clearly better than that. We continue to grow our terminal business, especially with the new terminal that we added to our portfolio in La Hava. And I think for us, the highlight of the quarter was definitely the launch of Gemini, which has gone really, really well. And very happy to see that after now a little bit over 100 years, we are indeed delivering on that 90% schedule reliability, even if there are definitely quite a lot of challenges that our teams need to handle every day....