Bonheur Asa (BNHUF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.183 -- 00:00:05.270 Good morning, everybody, and welcome to the first quarter 00:00:05.270 -- 00:00:07.212 presentation 00:00:07.212 -- 00:00:13.000 for Bonheur. My name is Annette Olsen. I am the CEO 00:00:13.000 -- 00:00:18.347 of Bonheur and Fred Olsen & Company. And with me today, 00:00:18.347 -- 00:00:24.075 I have Richard Olavo, our CFO, and he will 00:00:24.075 -- 00:00:29.258 do the first part of the presentation, as usual, And then 00:00:29.258 -- 00:00:34.427 the CEOs for the different segments will come and 00:00:34.427 -- 00:00:39.376 present. And we will take the questions and answers at the end. 00:00:39.376 -- 00:00:41.139 So, Rikard, over to you. 00:00:41.139 -- 00:00:46.909 Yes, thank you, Anette. And also a hearty welcome from me to this 00:00:46.909 -- 00:00:49.911 first quarter presentation. 00:00:49.964 -- 00:00:55.471 We have a mixed quarter. On one hand, we have an improvement 00:00:55.471 -- 00:01:01.098 in our operating result with 132 million, which of course is positive. 00:01:01.098 -- 00:01:04.042 On the other hand, we have had 00:01:04.042 -- 00:01:08.826 some wind farms that have not operated as 00:01:09.189 -- 00:01:14.316 capacity due to technical issues. And we have had a cancelled cruise for 00:01:14.316 -- 00:01:18.162 Balmoral due to the geopolitical situation in the Red Sea. 00:01:18.162 -- 00:01:23.247 And obviously, without these issues, the operating results could have been 00:01:23.247 -- 00:01:28.993 better. So again, it's a mixed report this time. 00:01:28.993 -- 00:01:34.059 I will quickly go through the main events in each segment, as they will 00:01:34.059 -- 00:01:37.963 be thoroughly covered by my good colleagues. 00:01:37.963 -- 00:01:43.308 Starting with renewable energy, where we have a small year-on...