Hexagon Composites Ord (HXGCF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to Hexagon Composites Q4 and full year 2025 presentation. My name is Berit-Kathrin Høyvik, and I'll be moderating today's presentation. Joining me in the studio today is our CEO, Philip Schramm, and CFO, Eirik Løre. They will take you through our company update, financials, and outlook before we wrap up with the Q&A session. With a reminder that you may submit questions on your screen at any point during the presentation. And with that, I'll hand the word over to Philipp. Thank you so much, Berit, Katrin. Good morning, everyone, and thank you for joining us for our Q4 and full year 2025 results presentation. Before we begin, I would like to extend a warm welcome to Eirik Löhrer, who stepped in as our CFO. Eirik has been a core member of our executive team for the past four years, and he has a strong understanding of our organization, and I'm really happy to have him by my side today, and he will walk you through the financials shortly. For now, I will guide you through the key developments of the quarter. Q4 can be summarized as a quarter of improving performance, strategic progress and early signs of market stabilization from the continued softness in our core North American markets. Let me start with an update on the market environment, because it continues to set the backdrop for our performance. In 2025, our core markets in North America have been characterized by macroeconomic uncertainty, regulatory flux and low investment appetite. Those dynamics alongside low oil prices and high interest rates delayed investments by customers, especially in our North American mobile pipeline business. In the United States, the trucking market and freight rates remain at multi-year lows, fleets are deferring replacement cycles despite aging ...