Q4 2019 AP Moeller - Maersk A/S Earnings Call Transcript
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Good morning, everyone, and welcome to this earnings call for A.P. Møller - Mærsk for 2019 and the fourth quarter. My name is Søren Skou. I'm the CEO of A.P. Møller - Mærsk, and I'm joined here today by Carolina Dybeck Happe, our CFO.
Before I dive into the details on the fourth quarter and the full year performance, I would like to spend a few minutes on 2 topics that I think are on many people's mind these days. The first one is the outbreak of the coronavirus or COVID-19, as it's formally called in China. We are obviously following this very closely. It's difficult at this point to get a full sense of the full impact on economic trade. But it seems inevitable that Q1 will be significantly impacted by the fact that the Chinese New Year holiday has been extended and many other containment measures that are put in place.
Chinese factories have
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