Hoegh Autoliner Asa (HOEGF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Herc Autoliner's second quarter presentation. My name is Meilin Vu, Head of Investor Relations and with me today we have our CEO Andreas Engge and our CFO Espen Stubbrud who will present you with the last quarter business and financial update. As usual we will have our Q&A session at the end of the presentation and you can ask questions by sending an email to our investor relations mailbox at ir.herc.com. And so without further ado I will leave the stage to you Andreas. Good, thank you Mylene and welcome to our second quarter presentation. We are pleased to present yet another strong quarter and yet another high good strong dividend payment and also another vessel sale that was just concluded. Our quarter has an EBITDA of 166 million, which is up 7% on the previous quarter. Net income of 124. That's down, but adjusted for the gain on the sale of Hög, New York, which was completed in the first quarter. Also, net income is up. We have a flat gross rate. We have declared a dividend of $137 million. We have taken delivery of two more Aurora-class vessels, Hög Sunrise and Hög Moonlight. And we have a continued strong equity ratio of 54%. Strong numbers across the board this quarter as well. And I'm going to go through a little bit on the market and we have this quarter, I think, seen a larger variation of estimates from analysts. And it seems like our monthly report is not fully delivering the picture. We believe that has something to do with fully understanding our capacity and market strategy. And we're going to go a little deeper into that to make sure that we get that fully communicated with the benefits, but also some of the associated costs. We have for the last all the time since or even before the IPO had very very strong focus on manag...