Hexagon Composites Ord (HXGCF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.357 Good morning, everyone, and welcome to Hexagon Composites' Q3 presentation. 00:00:05.357 -- 00:00:10.163 My name is Berit-Katrin Høivik, and I'll be moderating today's presentation. 00:00:10.163 -- 00:00:15.309 Joining me in the studio today is our CEO, Philip Schramm, and CFO, David 00:00:15.309 -- 00:00:17.011 Bundela. 00:00:17.011 -- 00:00:21.957 Today, we'll take you through a company update, financials, and outlook before we wrap 00:00:21.957 -- 00:00:28.142 up with the Q&A session. And with that, I'll hand the word over to Philip. 00:00:29.309 -- 00:00:34.777 Thank you. Good morning everyone and thank you for joining us for our Q3 presentation. 00:00:34.777 -- 00:00:39.905 Let's start with a high-level summary of the third quarter this year. 00:00:39.905 -- 00:00:45.774 The macroeconomic uncertainty continues to negatively weigh on our business 00:00:45.774 -- 00:00:50.982 and our core markets are in a cyclical downturn in combination with 00:00:50.982 -- 00:00:55.263 an unprecedented macro environment. 00:00:55.263 -- 00:01:00.509 This has significantly affected our volumes and our profitability 00:01:00.509 -- 00:01:06.515 this quarter, and our Q3 results are weak, with group revenues 00:01:06.515 -- 00:01:11.600 which came in with 538 million Norwegian kroner and 00:01:11.600 -- 00:01:16.764 led to an EBITDA of negative 54 million. 00:01:16.826 -- 00:01:21.993 August contributed to the majority of our Q3 EBITDA loss. 00:01:21.993 -- 00:01:27.358 With our banking partners, we decided to initiate an equity race 00:01:27.358 -- 00:01:34.323 to improve our balance sheet, and we have raised 590 million Norwegian kroner. 00:01:35.506 -- 00:01:41.732 In September, we launched a group-wide cost savings program targeted 00:01:41.73...