Minesto AB (publ) (MINEST) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to today's webcast with Minesto, where CEO Martin Edlund and CEO Augusto Kvibling will present the year-end report of 2024. After the presentation, there will be a Q&A, so if you have any questions to the company, you can send them in via the form to the right. And with that said, I hand over the word to you guys. Thank you, Ludvig. Welcome, everyone. We would like to run through a little bit of the achievements in Minesto over 2024 and comment on our priorities for 2021. for 2025 and ahead. And in doing so, we'd like just to first do some remarks here on the big picture of markets and stuff, comment more on the financials, and then go into more details on the focus where we are right now. So maybe first then, and there will be a Q&A session, plenty of room for that, hopefully also within the hour that we've set aside. So just first for everyone that isn't very well acquainted with what we do, we're an ocean energy technology developer that sits on one of the world's most heavily protected from a patent perspective technologies and a completely unique setup, really, really tailor-made to convert energy from ocean currents and tidal currents. So you see on the screen here the principle that a decade ago was spun up from the military aircraft manufacturers saw. We're based in Gothenburg with our technical team, with our commercial team, and we have our first customer engagement and test site in the Faroe Islands in the North Atlantic, a few hours flight from Copenhagen. So this is who we are. And if we then move into some comments on the market and the big picture, I think it's fair to say that from a geopolitical perspective, there's a lot of turmoil and speculation on where we will beheaded in many aspects, in many dimensions. One thing that we want...