Hamburger Hafen und Logistik AG (XTER:HHFA)
€ 16.74 -0.04 (-0.24%) Market Cap: 1.26 Bil Enterprise Value: 1.99 Bil PE Ratio: 76.09 PB Ratio: 1.67 GF Score: 75/100
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Q3 2021 Hamburger Hafen und Logistik AG Earnings Call Transcript

Nov 11, 2021 / 01:30PM GMT
Release Date Price: €20.94 (+4.49%)
Angela Titzrath
Hamburger Hafen und Logistik Aktiengesellschaft - Chairwoman of the Executive Board & CEO

Good afternoon, ladies and gentlemen. I would like to welcome you to our conference call presenting our financial results for the first 9 months of 2021. Like everywhere else in the world, operations in the Port of Hamburg are also affected by the consequences of disrupted supply chains. Almost all arriving ships are delayed and not just for a few days, but sometimes for several weeks. We work at our facilities around the clock, 7 days a week under heavy load in terms of technology and personnel, in order to fulfill the role that the Port of Hamburg plays as an important logistics hub, especially on the route between Europe and Asia.

In particular, the share of goods related to China continues to increase, and it is now at around 37% of the total volume at our Hamburg terminals. In view of this development, it is logical for us to take a strategic cooperation with one of the world's largest players in the logistics industry, the Chinese company, COSCO, to a new level, subject to approval

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