Aug 14, 2024 / 12:00PM GMT
Angela Titzrath - Hamburger Hafen und Logistik AG - Chairwoman of the Executive Board, Chief Executive Officer
Good afternoon, ladies and gentlemen. Welcome to our conference call on the financial results for the first half of 2024. Before our CFO and Adviser leads you to the financials in detail, let me briefly comment on the market environment in which we currently operate and highlight our major achievements in the first six months.
The financial year 2024 is turning into another challenging year for HHLA. We have been experiencing again how volatile logistics can be. The marked slowdown in the Chinese economy, geopolitical tensions, the military conflict in the Middle East, and the ongoing war in Ukraine, all had an adverse impact on global economic growth.
The situation was made worse by persistently high energy costs and increasing compliance requirements, which noticeably burden Germany's export oriented industrial output. This is why forecast for the German economy this year are edging towards stagnation, while moderate growth is still expected for the global economy.
Half Year 2024 Hamburger Hafen und Logistik AG Earnings Call Transcript
Aug 14, 2024
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