Hexagon Purus Asa (HPURF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi and welcome to Hexacomputers Q2 2025 presentation. My name is Mathias Meidel and I am the IR Director of Hexacomputers. I will be moderating from the studio in Oslo and from the studio I'm also joined by Group CEO Morten Holum and Group CFO Salman Alam. the agenda for today includes as usual the highlights from the quarter a company update the financials and the outlook we will end the presentation with the q a session so please feel free to enter your questions via the function on your screen so with that i will pass the word over to you morten who will take us through the highlights of the quarter thank you matthias and good morning everyone thanks for joining our webcast today on what turns out to be a beautiful summer day here in oslo So let's look at the key developments in the second quarter. Number one, the second quarter was weak. 44% lower than last year and driving the LTM revenue down to 1.364 billion NOC. Number two, more positively, we've seen strong order intake in recent months across our product portfolio, which improves demand visibility for the second half of 2025. Continued high activity for transit bus and a meaningful uptick in hydrogen distribution. Number three, we expanded our relationship with Hino to supply complete class six and seven battery electric straight trucks for the North American market. And we have initiated a process to assess alternatives for the battery systems and vehicle integration business. And finally, number four, we are expanding the cost reduction program by 150 million NOC to a total of 350 million NOC to lower the break-even point and enable profitability at lower volume. So overall, a weak quarter, particularly for hydrogen distribution, but we see a significantly better second half of the year for the group, and...