Dampskibsselskabet Ord (DPBSF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.217 -- 00:00:05.303 Welcome everyone to this webcast with a presentation of the Q2 2025 report from 00:00:05.303 -- 00:00:09.749 NOAN that was published this morning. In the first part of the presentation you'll be 00:00:09.749 -- 00:00:13.694 in a listen-only mode which will be followed by a Q&A session. 00:00:13.694 -- 00:00:17.839 During this session you'll be able to ask questions by pushing the pound key or hashtag 00:00:17.839 -- 00:00:20.642 followed by five on your phone's touchpad. 00:00:20.642 -- 00:00:25.850 If you're watching this webcast online you can ask your questions in the chat below. 00:00:25.850 -- 00:00:30.476 With that, I'll hand over to CEO Jan Rindbo and CFO Martin Bergstedt from Nuon. 00:00:30.476 -- 00:00:32.679 Please go ahead. 00:00:32.679 -- 00:00:37.626 Thank you very much and also a warm welcome here from my side and thanks for joining 00:00:37.626 -- 00:00:41.971 us on this presentation of our Q2 results. 00:00:41.971 -- 00:00:46.217 So let me just start by sharing some of our group highlights. 00:00:46.217 -- 00:00:51.404 So we have in the second quarter delivered a group net profit of $52 00:00:51.404 -- 00:00:55.668 million and a return on invested capital of 10%. 00:00:55.668 -- 00:01:00.694 And this is driven by sales gains combined with possible contract cover 00:01:00.694 -- 00:01:05.599 in what has been weaker markets. And these weaker markets 00:01:05.599 -- 00:01:10.805 have been challenging for ship operators, but we've at the same time 00:01:10.805 -- 00:01:15.710 seen pretty resilient asset prices that has been favorable for ship owners. 00:01:15.710 -- 00:01:21.076 And that is also reflected in the diverging results for our two business units. 00:01:21.076 -- 00:01:26.081 We raised the lower end of our ful...