2024-03-14 14:39:04 ET
Hapag-Lloyd Aktiengesellschaft (HPGLY)
Q4 2023 Earnings Conference Call
March 14, 2024 09:00 AM ET
Company Participants
Rolf Habben Jansen - CEO
Mark Frese - CFO and Chief Procurement Officer
Conference Call Participants
Omar Nokta - Jefferies
Sam Bland - JPMorgan
Cristian Nedelcu - UBS
Sathish Sivakumar - Citi
Marc Zeck - Stifel
Ben Thielmann - Berenberg
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome, and thank you for joining the Hapag-Lloyd Analyst and Investor Annual Report Full Year 2023 Results Conference Call. Hapag-Lloyd is represented by Rolf Habben Jansen, CEO; and Mark Frese, CFO.
Throughout today's recorded presentation, all participants are in listen-only mode. The presentation will be followed by a question-and-answer session. [Operator Instructions]
I would now like to turn the conference over to Rolf Habben Jansen, CEO. Please go ahead, sir.
Rolf Habben Jansen
Thank you very much, and thanks everyone for making the time to join us here today at the investor presentation of the full year 2023 results.
Maybe just a couple of things to kick it off. I think first of all, even if the year was not as super as it was in 2021 and 2022, we still posted the third best results in our group's history, and we had a pretty good return on invested capital. So, all-in-all, I think it's actually been quite a good year even if the market was definitely a lot weaker than it was in 2022.
A couple of key things to note. I think, first of all, I think that our business mix, both in terms of the mix between contracts and short-term business, but also our diversified geographical exposure has definitely helped us to achieve a strong financial result also compared to the rest of the market.
Strategically, we made good progress on a number of fronts. We'll talk a bit more about that in the upcoming pages, particularly in the establishment of our Terminal and Infrastructure business....
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Hapag-Lloyd Aktiengesellschaft (HPGLY) Q4 2023 Earnings Call Transcript