DFDS Group (DFDDF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.340 Ladies and gentlemen, welcome to the DFDS Q1 Report 2025 conference 00:00:05.340 -- 00:00:09.066 call. I am Hili, the chorus call operator. 00:00:09.066 -- 00:00:13.272 I would like to remind you that all participants will be in listen-only mode and the 00:00:13.272 -- 00:00:15.716 conference is being recorded. 00:00:15.716 -- 00:00:18.721 The presentation will be followed by a Q&A session. 00:00:18.721 -- 00:00:24.290 You can register for questions at any time by pressing star and 1 on your telephone. 00:00:24.290 -- 00:00:28.115 For operator assistance, please press star and zero. 00:00:28.115 -- 00:00:32.742 The conference must not be recorded for publication or broadcast. 00:00:32.742 -- 00:00:36.608 At this time, it's my pleasure to hand over to Torben Carlsen, CEO. 00:00:36.608 -- 00:00:38.592 Please go ahead. 00:00:38.592 -- 00:00:44.521 Thank you, and good morning, and welcome to DFDS's Q1 2025 00:00:44.521 -- 00:00:49.830 conference call. I am joined here, as usual, by Karen Bosen, 00:00:49.830 -- 00:00:54.594 our CFO, and Søren Bonnhold, our head of IRR. 00:00:55.263 -- 00:01:00.830 Our Q1 report headline is that our 2025 00:01:00.830 -- 00:01:03.373 transition is progressing. 00:01:03.373 -- 00:01:08.799 As you may recall, we labeled 2025 a transitional year in our latest 00:01:08.799 -- 00:01:10.741 annual report. 00:01:10.741 -- 00:01:15.807 So 2025 is a year where we lay the groundwork for improving financial 00:01:15.807 -- 00:01:20.350 performance following the events of 2024. 00:01:20.896 -- 00:01:25.041 I'm pleased to report that the earnings trend improved towards the end of the quarter 00:01:25.041 -- 00:01:29.947 following execution of multiple turnaround actions during the quarter. 00:01:29.947 -- 00:01:34.052...