Hapag-Lloyd AG (HLAGF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Havoc Lloyd Analyst and Investors 9 Months 2025 Results Conference Call and Live Webcast. I'm Iruna, the course call operator. Havoc Lloyd is represented by Rolls-Royce Nielsen, CEO, and Mark Fraser, CFO. I'd like to remind you that all participants will be in listen-only mode and the 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 and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Rodha Mnjancin. Please go ahead, sir. Thank you very much and welcome, everyone, and thanks for taking the time to be with us today. Yeah, short presentation as always before we jump into the questions that you may have. I would say that when we look at the first nine months, a couple of things to mention. I think good, strong volume growth over the first nine months, again, a decent quarter in Q3. On the back of that, good revenue growth. When we look at Q3, I think earnings improved sequentially, but of course, yesterday's performance remained below last year. When looking at Q3 in isolation, I think that was actually a fairly solid result. I think we start to see that that the first cost savings from Gemini are starting to come in. We see the network running smoother and smoother, so that gives us a lot of confidence that we'll see further improvement as we go towards the end of the year and moving into 2026. We will continue to invest into the future. We will commit to a number of smaller ships that will come into our fleet to renew some aging fleet. We also have some things, we also continue to work on our terminal divisi...