Hexagon Purus Asa (HPURF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.779 Hi and welcome to Hexagon Pyrrhus Q3 2025 presentation. 00:00:04.779 -- 00:00:09.807 My name is Mathias Meidel and I am the IR Director of Hexagon Pyrrhus. 00:00:09.807 -- 00:00:14.695 I will be moderating from the studio in Oslo and from the studio I'm also joined by the 00:00:14.695 -- 00:00:19.403 Group CEO Morten Holum and the Group CFO Salman Alam. 00:00:19.403 -- 00:00:22.166 The agenda for today includes, 00:00:22.166 -- 00:00:27.451 as usual, the highlights from the quarter, a company update, the financials 00:00:27.451 -- 00:00:31.556 and the outlook. We will end the presentation with a Q&A session. 00:00:31.556 -- 00:00:36.461 So please feel free to enter your questions via the function on your screen. 00:00:36.461 -- 00:00:40.225 So with that, I'll pass the word over to you, Morten, who will take us to the highlights 00:00:40.225 -- 00:00:42.405 of the quarter. 00:00:42.788 -- 00:00:45.430 Thank you, Mattias. And good morning, everyone. 00:00:45.430 -- 00:00:49.513 Thanks for tuning in to our webcast this morning. 00:00:49.677 -- 00:00:54.046 Let's dive straight into it. Key developments in the third quarter. 00:00:54.046 -- 00:00:58.434 Number one, we had sequential revenue growth. 00:00:58.434 -- 00:01:01.901 Revenue was weaker than we expected going into the quarter. 00:01:01.901 -- 00:01:07.352 And that's mainly a result of customer driven shifts into Q4 and some execution 00:01:07.352 -- 00:01:13.252 related issues driven by the major workforce reductions we implemented in the quarter. 00:01:13.252 -- 00:01:19.224 Number two, our underlying financial performance improved from Q2. 00:01:19.224 -- 00:01:23.754 We're now starting to see the impact of the cost measures we implemented in the first 00:01:23.754 -- 00:01:2...