Cavendish Hydrogen Asa (CANVF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day, everyone, and welcome to Cavendish Hydrogen's Q1 presentation. My name is Robert Borin, and I am the CEO of Cavendish Hydrogen. And with me today, I have our CFO, Markus Halland. On today's agenda, we have Cavendish Hydrogen in brief. We have a quick business update for the first quarter. We have some key figures which will be delivered by Marcus. And we round up with a short summary. And for Q&A, we have scheduled a live session later today, Thursday, May 15 at 1300 hours CET. In short, here at Cavendish, we develop and deliver hydrogen fueling solutions in the mobility market. And we have been doing so for 20 years, for the last 20 years. In 2024, our equipment dispensed more than 900,000 kilos of hydrogen worldwide, corresponding to filling 230,000 Toyota Mirais with hydrogen. Our facility here in Härning is one of the world's largest manufacturing facilities for hydrogen fueling stations. And in addition to the Härning location, we have service hubs on three different continents, including key markets in North America, Europe and Korea. We are roughly 150 dedicated employees globally. And in 2024, we had a revenue of approximately 31 million euros. Starting out as usual, I would like to take you through the latest business updates from the first quarter. And starting out in Germany, the Wuppertal station is the latest contribution to Germany's hydrogen bus network with a capacity of approximately 1000 kilos of hydrogen per day. The German bus market is showing great potential with plans for up to 60 plus sites. With funding already in place. Cavendish Hydrogen's bus station module is a perfect fit for bus fleets between 20 to 40 stations. That covers 20 to 40 buses. And which is a fairly standard size for a smaller city. So site availability at Wupperta...