Hapag-Lloyd AG (XTER:HLAG)
€ 160.1 -5.4 (-3.26%) Market Cap: 28.14 Bil Enterprise Value: 25.54 Bil PE Ratio: 9.58 PB Ratio: 1.51 GF Score: 85/100
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Q3 2020 Hapag Lloyd AG Earnings Call Transcript

Nov 13, 2020 / 10:00AM GMT
Release Date Price: €58 (-9.80%)
Operator

Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Hapag-Lloyd Analysts and Investors Conference Call 9 Months 2020. 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. And thank you, everybody, for making the time to listen to us today. And we certainly hope you enjoyed the music that was playing until a minute or so ago.

Maybe a few remarks from my side to get the things started. On the current situation, I think it's pretty clear that the performance in our sector in Q3 has been better than anticipated. I would say that's mainly on the back of an unexpected strong rebound in demand. That also means that idle capacity is down to pretty much 0 these days. And from our side, I would also say that we're happy with

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