Vow Asa (SSHPF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to this first quarter presentation here at WOW. This morning, I have a few people with me. So Cecilia Heckneby, our new CFO. I also, for the Q&A session, have with me Jonny and Tina, who's been with the company for a while. My name is Gunnar Pedersen. I'm the new CEO of WOW. I will start by sharing some highlights with you, and then Cecilia will take you through the financial numbers. I will come back and talk a little bit about the market and the business and how it develops, give you an update on that, and then finally some closing remarks before we open up for questions. So next up is the old disclaimer. You should probably read this later on by yourself. So moving on to the highlights. Year on year, our order backlog has nearly doubled. On the performance side, we show double digit margins. And the activity level is quite high, specifically in the cruise sector. We'll come back to more details on this. We are delivering equipment to 18 cruise vessels this year, and we are commissioning 12. The pipeline, the sales pipeline in the maritime sector is strong. We'll take you through some details on that as well. But our industrial segment is suffering a bit from delayed order intake. The biocarbon and biochar projects are progressing and commissioning is due to start in the second half of 2025. Also lately, we've had some very positive development on raw green metals, and we'll get back to that towards the end of the session. So some key financial numbers first. I'll start on the left-hand side with the revenues. So revenues for Q1 versus Q1 2024 is up by 12%. That leaves us at 261 million in revenue for Q1. 12 months rolling, we are slightly above 1 billion in revenue. And we can see a slight growth in that. The adjusted EBTA, the ...