Bouvet ASA (0HDU) Q1 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.277 Yes, then I have the pleasure of welcoming you to the introduction of the first quarter 00:00:05.277 -- 00:00:09.703 of 2025. Welcome to all of you who come here. 00:00:09.703 -- 00:00:13.805 Welcome to those of you who are on stream. 00:00:13.908 -- 00:00:16.388 We follow 00:00:16.531 -- 00:00:22.017 the old tradition here, so I will tell you a little about the highlights 00:00:22.017 -- 00:00:26.643 of the quarter, and then Steffen will tell you a little more about the numbers. 00:00:26.643 -- 00:00:30.568 And then we run the presentation, and then we take questions until the end. 00:00:30.568 -- 00:00:36.295 And then we have a small microphone, so everyone gets questions and answers 00:00:36.295 -- 00:00:38.295 afterwards. 00:00:38.859 -- 00:00:44.386 Since it is a new year, 2025, you have probably noticed that we have 00:00:44.386 -- 00:00:48.211 made some adjustments and changes in the presentation. 00:00:48.211 -- 00:00:51.733 So that's what we're going to share with you now. 00:00:54.419 -- 00:00:59.467 The highlights for this quarter, and this is something 00:00:59.467 -- 00:01:03.734 we also wrote about in the report, 00:01:03.734 -- 00:01:08.882 are solid results, a good quarter for BOE, 00:01:08.882 -- 00:01:14.791 in a somewhat tougher market. And I will come back to where we see that. 00:01:14.791 -- 00:01:18.157 And then there is a quarter where we also win things. 00:01:18.157 -- 00:01:21.605 We have won the framework agreement with the State Railways. 00:01:21.605 -- 00:01:24.410 Among other 00:01:24.410 -- 00:01:29.997 things, the first quarter is also the quarter 00:01:30.802 -- 00:01:36.189 where we run our internal competence sharing arrangement, 00:01:37.094 -- 00:01:41.986 which we call Bové One. We call it th...