Hapag-Lloyd AG (HLAGF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Hapac Lloyd Analyst and Investor H1 2025 Result Conference Call and Live Webcast. My name is Yousef, the course call operator. Hapac Lloyd is represented today by Rolf Haben Janssen, CEO, and Mark Frese, CFO. 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 question and answer session. You can register for questions at any time by pressing star followed by 1 on your telephone. For operator assistance, please press star and then 0. 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, CEO. Please go ahead. Thank you very much, everyone, and really appreciate you making the time available to talk to us today. Happy to take you through our half one results. Maybe let me start with a couple of highlights. I would say when looking at the first half, we've seen strong volumes, good revenue growth with roughly flat freight rates compared to the first half of last year. Overall, I would say solid financial performance, even if there was certainly a fair bit of, we had a fair bit of operational issues. And as expected, we had significant network transition costs as we move into Gemini. I think that phasing is now largely concluded. I think we can be really happy with the results that we have achieved so far, delivering 90% schedule reliability every month since the start. That's probably not what A lot of people were expecting, so really good. But, of course, such a transition into a very different network is complex, and that means that we will definitely still do further fine-tuning in the course of the second half when we also e...