Bouvet ASA (0HDU) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yes, then I have the pleasure of welcoming you to the introduction of the first quarter of 2025. Welcome to all of you who come here. Welcome to those of you who are on stream. We follow the old tradition here, so I will tell you a little about the highlights of the quarter, and then Steffen will tell you a little more about the numbers. And then we run the presentation, and then we take questions until the end. And then we have a small microphone, so everyone gets questions and answers afterwards. Since it is a new year, 2025, you have probably noticed that we have made some adjustments and changes in the presentation. So that's what we're going to share with you now. The highlights for this quarter, and this is something we also wrote about in the report, are solid results, a good quarter for BOE, in a somewhat tougher market. And I will come back to where we see that. And then there is a quarter where we also win things. We have won the framework agreement with the State Railways. Among other things, the first quarter is also the quarter where we run our internal competence sharing arrangement, which we call Bové One. We call it the spring's most beautiful adventure, and we did that in March. All regions gathered all the people in Bove, and then we shared a lot of competence and had a good social life as well. So that was a little about those highlights. As for the results, we increase our operating revenues by 5.8%, so we end up with around 1 billion and 75 million kroner. And then the operating revenues end up at 155.2 million kroner. This gives us an EBIT margin of 14.4%. And we have to remember that compared to last year, it is an increase from 13.3. So, summarized, result-wise, Very good. The number of employees, we end the quarter with 2,347 employees in BOV...