Hamburger Hafen und Logistik AG (WBO:HHFA)
€ 18.04 0.16 (0.89%) Market Cap: 1.36 Bil Enterprise Value: 2.09 Bil PE Ratio: 42.95 PB Ratio: 1.84 GF Score: 72/100
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Q1 2021 Hamburger Hafen und Logistik AG Earnings Call Transcript

May 12, 2021 / 12:00PM GMT
Release Date Price: €22.4 (+5.86%)
Angela Titzrath
Hamburger Hafen und Logistik Aktiengesellschaft - Chairwoman of the Executive Board & CEO

Thank you. Good afternoon, ladies and gentlemen. I would like to welcome you to our conference call presenting our financial results for the first quarter in 2021. We are operating in challenging times. The pandemic-related delays in shipping schedules led to imbalances in transport flows that put high pressure on our systems. Hardly any ships are docking at our quay walls on time at the moment. Schedules are not being adhered to, resulting in containers being left where they are not needed or missing where they are needed. But we take this opportunity to demonstrate our operational flexibility and reliability that are highly appreciated by our customers.

The stuck of the Ever Given in the Suez Canal end of March is just another example of how closely intertwined our global supply chains are. However, the Suez Canal congestion did not have any impact on the Q1 development. Looking forward into the second quarter, I can assure you that we will master this challenge together. For example,

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