Dampskibsselskabet Ord (DPBSF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome everyone to this webcast with a presentation of the Q2 2025 report from NOAN that was published this morning. In the first part of the presentation you'll be in a listen-only mode which will be followed by a Q&A session. During this session you'll be able to ask questions by pushing the pound key or hashtag followed by five on your phone's touchpad. If you're watching this webcast online you can ask your questions in the chat below. With that, I'll hand over to CEO Jan Rindbo and CFO Martin Bergstedt from Nuon. Please go ahead. Thank you very much and also a warm welcome here from my side and thanks for joining us on this presentation of our Q2 results. So let me just start by sharing some of our group highlights. So we have in the second quarter delivered a group net profit of $52 million and a return on invested capital of 10%. And this is driven by sales gains combined with possible contract cover in what has been weaker markets. And these weaker markets have been challenging for ship operators, but we've at the same time seen pretty resilient asset prices that has been favorable for ship owners. And that is also reflected in the diverging results for our two business units. We raised the lower end of our full year guidance and we are now guiding for a full year profit of between 70 million up to 130 million dollars. The NAV has been pretty stable when you correct for exchange rates and we are now reporting an NAV of 337 Danish kroner here at the end of the second quarter. In the second quarter we have been extremely active also continuing all the Asset transactions that we've done year to date. We've now had 38 transactions. We have sold 20 vessels, realizing a lot of value in the portfolio. But at the same time, also taking in new lease agreements with p...