Hexagon Composites Ord (HXGCF) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.879 Good morning, everyone, and welcome to Hexagon Composites Q2 presentation. 00:00:05.879 -- 00:00:11.306 My name is Berit-Katrin Høivik, and I'll be moderating today's session. 00:00:11.306 -- 00:00:16.513 Joining me in the studio today is our CEO, Philip Schramm, and CFO, David 00:00:16.513 -- 00:00:18.513 Vandella. 00:00:18.515 -- 00:00:23.582 They will take you through a company update, financials, and outlook before we wrap it 00:00:23.582 -- 00:00:28.629 up with a Q&A session. And with that, I'll hand the word over to Philip. 00:00:28.629 -- 00:00:31.169 Thank you so much. 00:00:31.283 -- 00:00:37.049 Good morning everyone and thank you for joining us for our Q2 results. 00:00:37.393 -- 00:00:42.782 The first half of this year has been a mix of progress and challenges. 00:00:42.782 -- 00:00:48.973 The continued macroeconomic headwinds led to low volumes in Q2. 00:00:48.973 -- 00:00:54.001 But we have taken action, including cost-saving measures, right-sizing of the 00:00:54.001 -- 00:00:59.391 organization and strategic progress. we are seeing encouraging 00:00:59.391 -- 00:01:03.234 and strong signals in our core markets, 00:01:03.276 -- 00:01:07.939 especially in heavy-duty trucking in North America. 00:01:08.202 -- 00:01:14.069 Major orders are now coming through and more and more fleets are showing interest 00:01:14.069 -- 00:01:19.495 as they are seeing the benefit of the new game-changing X15N engine 00:01:19.495 -- 00:01:24.980 with our fuel systems on. So let's turn to the quarter. 00:01:24.980 -- 00:01:28.004 Group revenues were 674 00:01:28.004 -- 00:01:32.509 million NOC with an EBITDA of 12 million NOC. 00:01:32.509 -- 00:01:37.655 These results reflect the continued uncertainty in several of our 00:01:37.655 -- 00:...