Odfjell Technology Ltd (ODTLF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to Oddfjell Technology's Q1 presentation. My name is Gert Haugland. I'm the SVP for Finance and Investor Relations in Oddfjell Technology. I'm joined by our CEO, Simon Leung, and our CFO, Jone Torstensen. You'll find the presentation on our website. And we'll start with Simon talking about the key highlights and the market outlook, backlog, and contract status before Jone go through the financials figures. We'll conclude with a Q&A session, and you can submit your questions either through the VET portal or by using the dial-in numbers. I hand it over to you, Simon, for the first part. Thank you, Gert, and thank you all for calling into the Q1 presentation. I'll start with Just to give you all the reminder of the company's highlight or key numbers regarding size. We are today a company with 2,500 employees. We operate in more than 30 countries, as you see on the map right there. We have a strong balance sheet and I will come more into the details here. So if you can take the next information. On the highlight side, The quarter is in line with Q4 and reflects our steady performance without any major lows or highs. We have an EBITDA of 193 million NOC. We have a revenue of 1.3 billion. And the numbers will be presented more in detail somewhat later. In the 193, this quarter included 4 million in restructuring costs related to our improvement program, which we in detail presented in the previous quarter. So we are on track on that. Operation delivers on historic average levels. Project and engineering continue to experience high activity and delivers to this sport strong margins. Well services delivers consistent revenue while the shift in product line mix has lowered the margin. It is one of our main targets to get back to the level of mid-30s regarding the marg...