Q1 2022 Hamburger Hafen und Logistik AG Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome. Welcome to our conference call presenting our results for the first 3 months of 2022. The first quarter of this year proved to be a challenging start of the year. The existing uncertainties of the current economic environment against the backdrop of the corona pandemic were further intensified by the escalation of the Russia-Ukraine conflict almost 2 months ago. We strongly denounced Russia's aggression and hope that the military aggression will end soon. Our sympathies are with the people of Ukraine but also with all people who are directly or indirectly impacted by this crisis.
On top of this, we had to deal with massive shipping delays as a result of disrupted supply chains, which led to container congestion in the Port of Hamburg as well as the other ports in the European North range. Despite these difficulties, however, HHLA got off to a good start in the 2022 financial year.
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