Hapag-Lloyd AG (HLAGF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Hapag-Lloyd Analysts and Investors Full Year Results 2025 Conference Call. Today, Hapag-Lloyd is represented by Rolf Haben Janssen, CEO, and Mark Frese, CFO. I am Valentina, the chorus call operator. I would 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 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 Haber-Janssen. Please go ahead. Thank you very much and welcome also from our side as usual and we appreciate you taking the time to listen to us. I think from our end I'll give as usual a quick introduction, talk about some highlights, Mark will take us through the numbers and then I'll try to say something about market and outlook and after that happy to take your questions. Maybe if we start with a couple of highlights when we look at 2025. I would say that a number of things to be mentioned. I think on the financial side I would say the results were solid, with as a real highlight that we have grown quite fast, significantly ahead of market, and we were able to keep rates at a reasonable level, also if you compare that to some others. We certainly had a lot of transition costs when moving into Gemini, but in the second half of the year, we also started to see costs coming out. On the fleet side, we've continued to invest in modernizing our fleet. I think that's just normal uh looking at 24 we ordered a fairly large number of ships we ordered some more ships this year um that is a process that will continue to to m...