Bouvet ASA (0HDU) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Let's get started. I'd like to welcome you to the presentation of the results of the second quarter at BOV. My name is Per Gunnar, and I have with me Steffen Garder, our financial director. We're doing this in a completely unusual way. I'm going to talk about the business, and Steffen will talk about the numbers, and I'm going to share some reflections on what time looks like in the future. Welcome to those of you who have come here in Sørkedalsveien. And welcome to those of you who are on stream, who are sitting around. Welcome. Hi. What we have behind us now is the second quarter of 2025. a good and strong quarter for BOV. What characterizes this quarter is good results development and a number of new contracts. Contracts with companies like Equinor, Ake BP, Skatteetaten, Banenor, Statnet and Fifty. These are companies that have big digitalization ambitions, and it will be exciting to work with further. The operating revenues came in at 969 million kroner. That is down 3% from the same period last year. The operating result landed at 123 million kroner. which gives an EBIT margin of 12.7, compared to 13.5 from the same period last year. The number of employees increased by 0.3% to 2,337. Another important thing to say about this quarter is that when we compare this quarter with the same period last year, we compare a little apples and pears. Here it is Easter that comes in. So a more relevant comparison, we mean, in terms of seeing the development this year, is to see the first half of the year, this year versus the first half of the year last year. And Steffen will explain a little more about that. I would like to say that this is a good quarter. It is a solid effort that lies behind. And I would like to say to everyone in BOV who is listening, thank you very much...