HLAGF - Hapag-Lloyd Aktiengesellschaft (HPGLY) Q1 2024 Earnings Call Transcript
2024-05-15 14:48:07 ET
Hapag-Lloyd Aktiengesellschaft (HPGLY)
Q1 2024 Earnings Conference Call
May 15, 2024 08:00 ET
Company Participants
Rolf Habben Jansen - Chief Executive Officer
Mark Frese - Chief Financial Officer & Chief Procurement Officer
Conference Call Participants
Amy Yi Li - UBS
Omar Nokta - Jefferies
Sathish Sivakumar - Citi
Dan Togo Jensen - Carnegie
Lars Heindorff - Nordea
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome and thank you for joining the Hapag-Lloyd Analyst and Investors Q1 2024 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 Rolf Habben Jansen, CEO. Please go ahead.
Rolf Habben Jansen
Thank you very much and welcome, everybody and thank you very much for taking the time to talk to us today on our comments on the first quarter and let me maybe start with a general introduction before I hand it over to Mark for comments on the financials and then I'll wrap it up before we take your questions.
Yes. Maybe a couple of key messages when it's around the first quarter. I think when we look at the first quarter, we've seen generally quite strong demand, probably a little bit stronger than many anticipated, even if in fairness, that also comes on the back of a very poor first quarter in '23. So we also should not overrate it. I believe the industry has reacted quite well on the Red Sea crisis and has been able to stabilize most of the global supply chains. Also because we have had indeed some ships available....
Hapag-Lloyd Aktiengesellschaft (HPGLY) Q1 2024 Earnings Call Transcript