Veidekke Asa (VDEKF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the presentation of Veidekke's results for the fourth quarter and the whole year 2025. This time we will also, at the end of the presentation, summarize the development during the last five years and present plans and ambitions for 2030. So again, welcome to you who are here in the hall at Ulven and also to you who follow us on the internet. I will first, as usual, sum up the results from a concern perspective, before Jörgen takes us through the details of where the business area is and the financial situation, before we finally point out the direction towards 2030 for Veidekke. Finally, as usual, we will also take questions that can be sent in via veis at ir1veidekke.no. But first, the status of Veidekke's HMS work, before we dive into the rest of the results. As you can see in the graph to the left, we have had six serious injuries in the past 12 months, two of which in Q4. This is a development that is going the wrong way and that we are actually more than happy with. Om det här är en rejäl trend eller tillfälligheter, det är för tidigt att uttala sig om, men varje skada är ju än för mycket. Och en sak är säker, nu ökar vi fokus på sikkerhet i hela vejdäcket och vi ska ta oss mot låga tal igen och siktar mot null, precis som vi faktiskt klarade av i 2021. We know that good order and good planning reduces the risk of damage and also leads to increased productivity. So there are several good reasons to focus on HMS. And the most important thing is of course that no one should be injured with men for life to be working for Veidekke. In the graph to the right we see the development of healthcare. And here is the joy of seeing that half a year's focus and systematic work looks to give results now when that curve trends downwards. So let's mo...