Hexagon Purus Asa (HPURF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.995 Hi, and welcome to Hexacomputers Q1 2026 presentation. 00:00:03.995 -- 00:00:09.020 We are sorry for the delay. My name is Mattias Meilen, and I am the IR 00:00:09.020 -- 00:00:14.084 Director of Hexacomputers. I will be moderating from the studio in Oslo, and from the 00:00:14.084 -- 00:00:20.330 studio, I'm also joined by Group CEO, Morten Holum, and Group CFO, Salman Alaou. 00:00:20.330 -- 00:00:25.595 The agenda for today includes, as usual, highlights from the quarter, a company update, 00:00:25.595 -- 00:00:30.946 the financials, and the outlook. We will end the presentation with a Q&A session, so 00:00:30.946 -- 00:00:34.731 please feel free to enter your questions via the function on your screen. 00:00:34.731 -- 00:00:38.256 And with that, I will pass right over to you, Morten, who will take us through the highlights 00:00:38.256 -- 00:00:40.496 of the quarter. 00:00:42.161 -- 00:00:45.044 Thank you, Mattias, and good morning, everyone. 00:00:45.044 -- 00:00:49.087 Thanks for tuning in to our webcast today. 00:00:49.810 -- 00:00:56.058 Let's start by looking at the key developments in the first quarter. 00:00:56.058 -- 00:00:59.840 Number one. Revenue improved year over year. 00:00:59.840 -- 00:01:05.166 Headline revenue, including one-off gains from transactions, was 405 00:01:05.166 -- 00:01:07.469 million NOC, 76% 00:01:07.469 -- 00:01:12.775 higher than last year. On a like-for-like basis, excluding the one-offs, 00:01:12.775 -- 00:01:18.221 underlying revenue of 271 million NOC was 29% higher than 00:01:18.221 -- 00:01:20.604 Q1 last year. 00:01:20.604 -- 00:01:26.077 Number two, we took steps to further reduce costs in Q1. 00:01:26.077 -- 00:01:31.144 Executing additional workforce reductions across the group to bette...