Bonheur Asa (BNHUF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everybody. It's a hearty welcome to the fourth quarter presentation for Bonheur 2025. My name is Annette Olsen. I'm the CEO of Bonheur. Today we will do the presentation as usual. where Rikard Olav Å, our CFO, will present to you the overall figures. We will then move to presentations by each individual CEO for the underlying companies. We have today a new CEO that we will present to you. She has been with us for a bit of time now, but first time presenting. And that is Marn Schleibel-Lundby. She is the CEO of Fred Olsen Seawin. So, a hearty welcome to you, Marn. And for everybody else, we will move to the figures. Thank you. Thank you, Anette, and also a warm welcome from me to this fourth quarter presentation. Before moving into the numbers, I think, in my view, there are a lot of events this quarter, but maybe three things that I would like to point out. One is that we continue to grow our earnings, despite that significant assets like the Mid-Hill Wind Farm And the installation vessel, Braveturn, both have been idle the full quarter. And despite that, the earnings continue to grow. Secondly, we have a major transaction this quarter with our long-term partner, Meag, which we have been partnered in the renewables side for many years now, but also now are partnering with Aln Fred Olsen Wind Carrier, which bought Håkon Magne Oren. I will come back to it. And thirdly, it's a stellar booking performance in Cruise Lines. I think it's the best fourth quarter booking we ever had, and Samantha will come back to that in her presentation. A lot of other events as well, but I would like to highlight those three before we move into the numbers. So here we have the highlights for the quarter per segment. I will be quite brief on this because this will be well cove...