Hapag-Lloyd AG (HLAGF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.054 Ladies and gentlemen, 00:00:02.054 -- 00:00:07.423 welcome to the Hapag-Lloyd Analyst and Investor Q1 2026 Results Conference 00:00:07.423 -- 00:00:11.609 Call and Live Webcast. I'm Moritz, the Chorus Call Operator. 00:00:11.609 -- 00:00:16.778 Hapag-Lloyd today is presented to you by CEO Ralf Haben Janssen and CFO Marc 00:00:16.778 -- 00:00:20.865 Freese. I would like to remind you that all participants will be in a listen-only mode 00:00:20.865 -- 00:00:24.691 and the conference is being recorded. The presentation will be followed by a question 00:00:24.691 -- 00:00:29.079 and answer session. You can register for questions at any time by pressing star and one 00:00:29.079 -- 00:00:33.206 on your telephone. For operator assistance, please press star and zero. 00:00:33.206 -- 00:00:36.733 The conference must not be recorded for publication or broadcast. 00:00:36.733 -- 00:00:39.638 At this time, it's my pleasure to hand over to Rolf Habenjansen. 00:00:39.638 -- 00:00:41.999 Please go ahead, sir. 00:00:41.999 -- 00:00:46.443 Thank you very much and thanks everyone for making the time to join us here today. 00:00:46.443 -- 00:00:50.627 We'd like to give you a quick rundown of Q1 and hopefully also a little of a glimpse 00:00:50.627 -- 00:00:56.272 into the future. Maybe if we start with what I would call the key developments for 00:00:56.272 -- 00:01:01.756 the first quarter, then I think it's fair to say that we definitely had an unsatisfactory 00:01:01.756 -- 00:01:04.239 start to the year. 00:01:04.239 -- 00:01:08.883 There are reasons for that, but nevertheless, if we look back at Q1, I think we would 00:01:08.883 -- 00:01:14.226 have hoped for a better quarter. If we look at the reasons behind it, one very big reason 00:01:14.22...