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

Q2 2023 Hapag Lloyd AG Earnings Call Transcript

Aug 10, 2023 / 09:00AM GMT
Release Date Price: $100.45 (-7.08%)
Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Hapag-Lloyd Analysts and Investors First Half 2023 Results Conference Call. Hapag-Lloyd is represented by Rolf Habben Jansen, CEO; and Mark Frese, CFO. (Operator Instructions)

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

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

Thank you very much for the introduction, and thanks, everyone, for making the time to join us here today. As always, we'll try to give you a quick overview and then afterwards, be happy to take any questions that you may have. I think a couple of opening remarks. I believe that when we look at the highlights for the first half, I think it's definitely been a challenging market, but with -- especially in the first quarter, very weak demand, I think a bit recovering towards the end of Q2, but still challenging and rates, of course, quite a lot down.

I think on the Hapag side, a couple of things

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