Odfjell Se B (ODJBF) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.602 Good morning everyone and welcome to the presentation of Oddshell's results 00:00:05.602 -- 00:00:09.105 for the first quarter of 2025. 00:00:09.951 -- 00:00:14.721 This presentation will follow a standard agenda. 00:00:14.721 -- 00:00:20.212 I will take you through the highlights and our CFO Terje Iversen will present 00:00:20.212 -- 00:00:25.538 the financials. And then I will conclude this presentation with an operational 00:00:25.538 -- 00:00:30.823 review and a market update and prospects going forward. 00:00:30.823 -- 00:00:34.285 So turning to the highlights, 00:00:34.587 -- 00:00:40.252 we continued our strong performance on safety with high operational efficiency 00:00:40.252 -- 00:00:43.555 and no significant incidents during the quarter. 00:00:43.555 -- 00:00:48.819 All our safety and operational KPIs were well within the 00:00:48.819 -- 00:00:53.949 requirements that we have defined. We delivered resilient financial 00:00:53.949 -- 00:00:58.924 results in the first quarter in a market that is characterized by increased uncertainty 00:00:58.924 -- 00:01:03.987 due to the announced trade tariffs from the USA. 00:01:03.987 -- 00:01:07.372 Our time chart earnings ended at 168 00:01:07.372 -- 00:01:10.596 million and this compares to 183 00:01:10.596 -- 00:01:14.021 million for the fourth quarter of last year. 00:01:14.021 -- 00:01:17.746 The time chart earnings per day for the quarter was 29,556 00:01:17.746 -- 00:01:21.311 US dollars and this is 00:01:21.311 -- 00:01:24.775 down 4% compared 00:01:24.775 -- 00:01:28.378 to the 30,744 US dollars 00:01:28.961 -- 00:01:34.359 that we delivered last quarter. Our EBIT was 54 million 00:01:34.359 -- 00:01:39.678 US dollars and this compares to 68 million US dollars in the fourth ...