Q1 2025 Hapag-Lloyd AG Earnings Call Transcript

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May 14, 2025

May 14, 2025 / 09:00AM GMT
Operator

Good morning, ladies and gentlemen, and welcome to Hapag-Lloyd's Analyst and Investor Q1 2025 results conference call and Live Webcast.

I am Yusuf, the Chorus Call operator. Today's conference is represented by Hapag-Lloyd's CEO, Rolf Habben Jansen; and CFO, Mark Frese. (Operator Instructions) This conference is being recorded.

At this time, it's my pleasure to hand over to Rolf Habben Jansen. Please go ahead.

Rolf Habben Jansen - Hapag-Lloyd AG - Chief Executive Officer

So from our side, a very warm welcome, and thank you for making the time to join us here today. A couple of things maybe from our side to start with before Mark takes us through the numbers. I think when we look at the first quarter, I think we can say we had a good start to the year, yes, with clearly higher volumes and solid earnings despite some continued operational challenges, not last in the Red Sea.

I think market demand remains quite robust, probably a little bit ahead of what a lot of people expected with according to CTS, 4.2% up globally, and we did

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