Bouvet ASA (0HDU) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone, and welcome to the third quarter's presentation in Bove. My name is Per Gunnar Tronsli, and I have with me Steffen Garder. We run the standard procedure, so I will talk about what we have done this quarter, and then Steffen will go a little deeper into the talk. And then we have the opportunity for questions at the end, so we have a microphone, then we send it around, and then we hope for many questions. It's always nice to start with new contracts and agreements. And this quarter we have also received some of them. I will start by mentioning Aker BP. A big agreement. I will come back to it and tell you a little more about what we are working on at Aker. And then we have within the public sector, we have received agreements with Asker municipality, Trondheim municipality and the court administration. It is also very nice that it is perhaps the customer we have had with us the longest, for 28 years, and that was before Bovee was born. We have worked closely with Viking Rescue Service, and it is nice that they renew that trust. We look forward to many years with Viking Rescue Service in the future as well. We are also pleased that this quarter is a quarter where we have net growth in the number of employees from last quarter. On the economic side, our operating revenues came in at 871 million. That is something down from last year. We had a record year last year, so it's 0.9% down in turnover. And then came our operating results, down to 92 million, becomes an EBIT margin of 10.5. An average decline in the number of employees from the same period last year, but net growth from last quarter. And then, on the basis of the company's financial position, the board has decided to pay an additional exchange rate of 70 euros now in the fourth quarter. An...