Q1 2020 Hamburger Hafen und Logistik AG Earnings Call Transcript
Ladies and gentlemen, we are glad to see that so many of you have dialed into our conference call today. I hope this means that you're all safe and at most healthy.
It is only 6 weeks ago that we last spoke, but since then, the world seems to have turned even faster than before. On the 25th of March, when we published our annual report, the John Hopkins University reported 468,000 corona cases worldwide. Today, we are at 4.2 million. Government around the globe implemented drastic measures to contain the virus, in particular, a far-reaching shutdown of public and economic lives. Therefore, we would like to give you a short update on where we stand as of today before we come to the Q1 numbers. Just like in March, I would like to structure the status alongside the 4 focus areas depicted on this slide.
Economy. While economists had only very rough ideas of what the coronavirus pandemic might mean for global prospects, the picture is clear now. And the picture became significantly
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