Hapag-Lloyd AG (LTS:0RCG)
€ 178.95 -1.35 (-0.75%) Market Cap: 31.48 Bil Enterprise Value: 28.83 Bil PE Ratio: 23.70 PB Ratio: 1.63 GF Score: 80/100

Half Year 2020 Hapag Lloyd AG Earnings Call Transcript

Aug 14, 2020 / 09:00AM GMT
Release Date Price: €57.2 (+14.29%)
Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Hapag-Lloyd Analysts and Investors First Half 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) 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, Stuart, and thanks, everybody, for taking the time to join us here on the call. We'll be happy to take you through our half 1 results, and also happy to take, of course, any questions you may have after that.

Maybe let me start with a couple of opening remarks on where we are at this point in time. I think when we look at the current situation, it's very clear that the key theme throughout the first half has, of course, been the COVID-19 pandemic that has led to a substantial decline in global transport volume, especially in Q2, I would say,

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