Hapag-Lloyd Aktiengesellschaft (HPGLY) Q4 2025 Earnings Call March 26, 2026 5:00 AM EDT
Company Participants
Rolf Jansen – Chairman of the Executive Board & CEO
Mark Frese – CFO, Chief Procurement Officer & Member of Executive Board
Conference Call Participants
Parash Jain – HSBC Global Investment Research
Alexia Dogani – JPMorgan Chase & Co, Research Division
Andy Chu – Deutsche Bank AG, Research Division
Marco Limite – Barclays Bank PLC, Research Division
Ulrik Bak – Danske Bank A/S, Research Division
Presentation
Operator
Ladies and gentlemen, welcome to the Hapag-Lloyd Analyst and Investors Full Year Results 2025 Conference Call. Today, Hapag-Lloyd is represented by Rolf Habben Jansen, CEO; and Mark Frese, CFO. I am Valentina, the Chorus Call operator. [Operator Instructions] The conference must not be recorded for publication or broadcast. At this time, it’s my pleasure to hand over to Rolf Habben Jansen. Please go ahead.
Rolf Jansen
Chairman of the Executive Board & CEO
Thank you very much, and welcome also from our side as usual, and really appreciate you taking the time to listen to us. I think from our end, I’ll give, as usual, a quick introduction, talk about some highlights. Mark will take us through the numbers, and then I’ll try to say something about market and outlook. And after that, happy to take your questions. Maybe if we start with a couple of highlights when we look at 2025, I would say that a number of things to be mentioned. I think on the financial side, I would say the results were solid with as a real highlight that we have grown quite fast, significantly ahead of market, and we were able to keep rates at a reasonable level also if you compare that to some others. We certainly had a lot of transition costs when moving into Gemini, but in the second half of the year, we also started to see costs coming out.
