Vow Asa (SSHPF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:03.114 Okay, it is nine o'clock. 00:00:03.114 -- 00:00:08.180 So welcome everyone to this second quarter, first half 00:00:08.180 -- 00:00:11.323 year presentation for VAU. 00:00:11.323 -- 00:00:17.009 Today I have Cecilie Heckneby, our CFO with me to help present on the numbers. 00:00:17.009 -- 00:00:21.632 My name is Gunnar Pedersen, I'm the CEO of the company. 00:00:22.615 -- 00:00:25.296 Let me start with the headlines. 00:00:25.578 -- 00:00:29.562 So like we indicated in our first quarter presentation, 00:00:29.562 -- 00:00:33.905 we have started a structured assessment of the business. 00:00:34.008 -- 00:00:39.916 During this analysis of the Q2 numbers then, we did find a couple of issues 00:00:39.916 -- 00:00:44.339 and we will get back to the details of those in the presentation. 00:00:45.564 -- 00:00:49.967 Now the underlying operation in the maritime business 00:00:50.050 -- 00:00:53.354 is showing good progress. 00:00:53.354 -- 00:00:58.638 We have a solid backlog. We have a 9% growth on the top line 00:00:58.638 -- 00:01:01.760 and also we have improved margins. 00:01:02.084 -- 00:01:07.329 Also, the after-sales segment has continued its positive development, 00:01:07.473 -- 00:01:12.117 delivering top-line growth and also improved margins. 00:01:13.303 -- 00:01:19.753 Our industrial segment is facing challenges in its financial performance, 00:01:19.753 -- 00:01:25.199 and the backlog is getting thinner, and we will get back to that. 00:01:26.465 -- 00:01:28.868 For the company overall, 00:01:28.868 -- 00:01:34.934 we see that improvements in the financial performance are needed and 00:01:34.934 -- 00:01:38.838 we have launched a program addressing this. 00:01:38.838 -- 00:01:43.781 The profit improvement program will strengt...