Hoegh Autoliner Asa (HOEGF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Hoag AutoLiner's Hoag Quarter presentation. My name is Malin Vu, Head of Investor Relations and with me today we have CEO Andreas Enge and our CFO Espen Stubbrud. We will walk you through the last quarter performance. We have a Q&A session at the end of the presentation and you can ask questions by sending email to our investor relations mailbox at ir.hoag.com. So with that I will leave the stage to you Andreas. Thank you. Opening this presentation with a photo of beautiful Høg Moonlight at the quay in Gothenburg where we had a naming ceremony while loading cargo together with valued customers in Gothenburg. This quarter we are Once again, presenting a strong result. We have good underlying earnings and profitability driven by our strong contract backlog and an operation as expected. Previously noted, we have some more imbalances than others, but fundamentally we're running full vessels out of Asia and are basically serving customers to the full and executing our backlog. I will open this presentation to basically respond to an issue of a slight change in the payment schedule for dividends that may require some explanation. And I want to do that by starting with reiterating how we operate as a company. We have focused a lot on creating value through the cycle by building backlog, focusing on a cargo strategy being overweight cargo. We have basically operated in the market now. There is persisting market imbalances with strong growth in Asia, not so much opportunities elsewhere in the world. Shorter market is starting to provide opportunities for short-term capacity, which we are using at the cost to develop and be able to maintain a strong backlog. And we are now faced with, I think, a totally new level of geopolitical uncertainty coming f...