Hexicon AB (publ) (HEXI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi everyone, and welcome. My name is Marcus Thor, I'm the CEO of Hexacon, and I will spend the next 20 minutes or so to present to you an update on what's happened in the floating offshore wind market, what's happened here at Hexacon, and how we look at the future. I will today go through a market update, run through our portfolio developments, significant events during the quarter, then I'll do a deeper dive into South Korea, as well as our technology, and ending up with looking ahead. Startinging off with the market update. No doubt that the industry remains in a rather weak position. With that said, there is certainly some political momentum that continues and in some aspects actually grown as well. Global wind installation has been delayed over the last few years All in all, floating offshore wind is at 277 megawatt installed as today. A few years ago, we're certainly hoping for a higher number. Long-term projections remain very high, however. Specifically, if we look at the US, a market that certainly has taken some big turns, some big offshore wind projects there fairly recently had their permits withdrawn. So these were permitted projects in some cases where they actually started construction that had their permits taken away. That's gone into court, and in fact, the federal court fairly recently ruled in favor of these projects, and some of them have now resumed construction. So we'll see how that continues to develop, but it's definitely a market that we follow fairly closely. Here in Europe, In Poland, a Baltic Sea neighboring country, had their first ever offshore wind auction, not floating wind, that had a pretty decent result with 3.4 gigawatts of results. Over in the UK, where we ourselves are co-owner in the Pemtland project together with CIP, in mid-J...