Hapag-Lloyd AG (OTCPK:HPGLY)
$ 94.43 1.4 (1.5%) Market Cap: 33.19 Bil Enterprise Value: 30.40 Bil PE Ratio: 22.82 PB Ratio: 1.57 GF Score: 85/100
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Full Year 2020 Hapag Lloyd AG Earnings Call Transcript

Mar 18, 2021 / 01:00PM GMT
Release Date Price: $81.5 (+1.54%)
Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Hapag-Lloyd Analysts and Investors Full Year 2020 Results Conference Call. Hapag-Lloyd is represented by Rolf Habben Jansen, CEO; Mark Frese, CFO; and Heiko Hoffmann, Head of Investor Relations. (Operator Instructions)

And I would now like to turn the conference over to Rolf Habben Jansen, CEO. Please go ahead.

Rolf Habben Jansen
Hapag-Lloyd Aktiengesellschaft - Chairman of the Executive Board & CEO

Thank you very much. And thanks, everybody, for making the time to listen to us today, and welcome at the investor presentation for the full year results.

Maybe a couple of opening remarks. I think when you look at the market, I think all of us would agree that 2020 was a bit of a rollercoaster here, with a pretty strong start, then all of us were hit by the pandemic. And then towards the end of the year, demands came back a lot faster than everybody anticipated. And then, of course, we saw freight rates fairly stable throughout the year but with strong

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