Hexicon AB (publ) (HEXI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the Hexacon Q1 2025 report presentation. For the entire time of the presentation, participants will be in listen-only mode. If you are listening to the presentation via webcast, you can ask written questions using the form below. Now, I will hand the conference over to the CEO, Markus Thor. Please go ahead. Good morning, everyone, and welcome to this presentation. And my name is Marcus Tor. I'm the CEO of Hexacon. And I want to spend around 20 minutes here for some questions to address some of the key events and developments in our market being floating offshore wind, as well as our operations at Hexacon. And, and let me just with the controller here, I don't see a presentation on my screen. Here we see something loading. There we are. Apologies for that. Now to it. So as part of the agenda, I will provide an update on where the market is going, some trends, obviously some significant events during the quarter, and also touch base on some of our key projects and the technology before wrapping up with a look ahead and priorities going forward. So with that said, perhaps as a reminder to a lot of you, but I just wanted to provide a glimpse of where the evolution of offshore wind is and particularly floating wind. And why I'm doing this is to just get a feel for how mature floating offshore wind is compared to traditional bottom fixed offshore wind and also onshore wind. and this is an evolution and developments that have gone from onshore to offshore bottom fixed in shallow waters deeper and deeper and now we're at this shift from bottom fixed into floating and it's really driven by a a need to harness uh wind power in more areas than are available in bottom fixed sites with that said There has been a few years now of a market downturn and delays in the deve...