Hapag-Lloyd AG (HLAGF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Hapag-Lloyd Analyst and Investor Q1 2026 Results Conference Call and Live Webcast. I'm Moritz, the Chorus Call Operator. Hapag-Lloyd today is presented to you by CEO Ralf Haben Janssen and CFO Marc Freese. I would like to remind you that all participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. You can register for questions at any time by pressing star and one on your telephone. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Rolf Habenjansen. Please go ahead, sir. Thank you very much and thanks everyone for making the time to join us here today. We'd like to give you a quick rundown of Q1 and hopefully also a little of a glimpse into the future. Maybe if we start with what I would call the key developments for the first quarter, then I think it's fair to say that we definitely had an unsatisfactory start to the year. There are reasons for that, but nevertheless, if we look back at Q1, I think we would have hoped for a better quarter. If we look at the reasons behind it, one very big reason is definitely the adverse weather conditions that we've had in North and Southern Europe in January and February, and a bit similar on the East Coast of the United States, as we are very heavily exposed to those marks, much stronger than many others, that hit us harder than most. We've seen a recovery in those flows in the course of the first quarter, so I think it's a bit of a one-off, but nevertheless something we could have done without, And of course, we've also had the situation in the Middle East, which caused significant extra ...