Q3 2023 Hamburger Hafen und Logistik AG Earnings Call Transcript
Good afternoon, ladies and gentlemen, and welcome to our conference call on the financial results for the first 9 months of 2023. I look forward to presenting the figures to you today and giving some color on the latest developments. Afterwards, as always, I will be happy to answer your questions.
The year 2023 continues to confront us with major challenges as the difficult global economic situation has become increasingly gloomy. In autumn, the economic forecast for both the global economy and Germany were revised downwards again. At a time when the war in Ukraine, stubborn inflation and rising interest rates continue to unsettle consumers and industry, the flare-up of conflict in the Middle East is adding to a further burden, therefore the volume trend after first 9 months was still down.
However, HHLA achieved higher handling volumes in the third quarter than in the previous 2 quarters of the year and also exceeded the same period of the previous year. Whether this is
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