Hexagon Composites Ord (HXGCF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Hexagon Composites' first quarter 2025 results presentation. My name is Berit Katrin Hövik. I'm the Senior Director of Communications at Hexagon, and I'll be moderating today's presentation. I'm joined here in Oslo by our CEO, Philip Schramm and CFO, David Bandella, who will present a company update, financial results and market outlook before we head to the Q&A session. Before we start, I'd like to draw your attention to our disclaimer. And with that, I'll invite Philip. Thank you so much. Good morning, everyone, and welcome to our Q1 earnings call. Yes, I can tell you the last five months being with Hexagon have been exciting, challenging, and rewarding. Like everyone in the industry, we are facing the impacts of a broader economic uncertainty. However, the US administration and the revision of the zero emission mandate enables us to start facts and move away from ideology. And natural gas, with that said, is just the better alternative fuel solution to replace diesel for heavy duty, long haul, and high energy intensive mobility applications. And simply because natural gas is cheaper, cleaner, and healthier. And this, in many countries, without even subsidies. This differentiates natural gas, but this differentiates also hexagon composites from so many others in this space. With the launch of the new X15 engine from Cummins, With that engine, we can address the entire heavy-duty, long-haul, and high-energy intensive mobility application trucking market, primarily in the U.S., but we also see some movements in other markets. And we are enabling the adoption, and we see that the momentum is growing. Now let's come... quick, and David will do a deep dive into our Q1 results, we have delivered a steady performance, despite all the...