Hexicon AB (publ) (HEXI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I'm here today to give you an update of Hexikon's operations during the third quarter. I will do so, but I will also give you an update as to what is happening in the world of floating offshore wind. So let's get to it. My name is Marcus Thor and I'm the CEO of Hexikon. So what we'll go through today is I'll start with the market update. is quite a lot of things that have happened in the industry. Thereafter, go into our projects, which is the core of our business. So look at the portfolio and how certain projects have developed. I'll mention, of course, some of our highlights during the third quarter, and I'll be ending with looking ahead. So with that said, let me start to give you a bit of an update. The fact is that it's been quite a few years now of a weak market that is offshore wind in general and not the least floating offshore wind, which is a newer, less mature segment within offshore wind. And in general, one could say, and I'll give you a few examples here. What has happened though very recently now is that we've seen this market downturn. We've seen more and more political action to strengthen floating offshore wind. So political ambitions and actions and achievements in the last period, that sort of is needed and an act to balance a weaker market in general. Some of those examples are that over in the UK, The contracts for different schemes, so the subsidy regime in the UK, have continued to be strengthened. It's continuing to have separate auctions for floating offshore wind. We're expecting at least two, three potentially more floating projects to participate this year. And the strike price cap has actually been increased. So the maximum price that you can get for floating offshore wind projects. We've seen auctions continuing in France. There's been ...