Q4 2020 Hamburger Hafen und Logistik AG Earnings Call Transcript
Thank you. Good afternoon, ladies and gentlemen. I would like to welcome you to our conference call presenting our results for the financial year 2020. It gives me really great pleasure to introduce the results on a positive note. HHLA has weathered the coronavirus pandemic well so far. We were able to maintain the operational stability of HHLA at all times. There was not a single day on which production was brought to a standstill by the pandemic. Moreover, the company is still in a stable financial position despite a challenging financial year.
Even in times of crisis, we were investing in promising markets and business fields. We have acquired majority stakes in a multifunctional terminal in Trieste as well as in a specialist for automation technology, to name just 2 examples.
While the first half of the year was affected by pandemic-related blank sailings and a drop in volumes, we benefited from the revival of industrial production, especially in Asia, in the second half of
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