adminMy Vu
Head of Finance, Treasury and IR
[Presentation]
Good morning, and welcome to Höegh Autoliners Third Quarter Presentation. My name is My Linh Vu, Head of Investor Relations. And with me today, we have CEO, Andreas Enger; and our CFO, Espen Stubberud, who will walk you through the last quarter performance.
We have a Q&A session at the end of the presentation, and you can ask questions by sending e-mail to our Investor Relations mailbox at [email protected]. So with that, I will leave the stage to you, Andreas.
Andreas Enger
Chief Executive Officer
Thank you. Opening this presentation with a photo of beautiful Höegh Moonlight at the quay in Gothenburg, where we had a naming ceremony while loading cargo together with valued customers in Gothenburg.
This quarter, we are once again presenting a strong result. We have a good — have good underlying earnings and profitability driven by our strong contract backlog and an operation as previously noted, we have some more imbalances than others, but fundamentally, we’re running full vessels out of Asia and are basically serving customers to the full and executing our backlog.
I will open this presentation to basically respond to an issue of a slight change in the payment schedule for dividends that may require some explanation.
And I want to do that by starting with reiterating how we operate as a company. We have focused a lot on creating value through the cycle by building backlog, focusing on a cargo strategy being overweight cargo.
We have basically operated in the market now there is persisting market imbalances
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