Vow Asa (SSHPF) Q4 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Vow Asa.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:07.017 Good morning everyone and welcome to this fourth quarter presentation for WOW. 00:00:07.140 -- 00:00:11.102 I will start with some highlights. 00:00:13.267 -- 00:00:15.771 Then Cecilia Heckneby 00:00:15.771 -- 00:00:19.836 will be here today. We'll take you through the numbers. 00:00:19.836 -- 00:00:23.015 I will come back and give you a market update. 00:00:23.015 -- 00:00:28.181 before we spend a bit more time than normal on the strategy, as we have completed 00:00:28.181 -- 00:00:32.246 our strategy work and we'll go through the update with you on that. 00:00:32.246 -- 00:00:36.970 My name is Gunnar Pedersen. I'm the CEO of the company. 00:00:37.533 -- 00:00:42.218 So, fourth quarter delivered all-time high revenues. 00:00:42.218 -- 00:00:49.204 This is driven particularly by strong performance in maritime and also in aftersales. 00:00:49.227 -- 00:00:52.225 Our operation has improved across the board. 00:00:52.225 -- 00:00:57.411 with better project deliveries, higher activity levels, and strengthening 00:00:57.411 -- 00:01:01.073 margins in the key segments. 00:01:02.717 -- 00:01:08.184 Our industrial solutions is progressing and delivering in line with our expectations, 00:01:08.184 -- 00:01:14.291 but the results are still impacted by the previously announced non-cash impairment. 00:01:14.291 -- 00:01:19.617 This reflects updated assumptions also on a more cautious 00:01:19.617 -- 00:01:23.380 outlook following the strategic review. 00:01:23.984 -- 00:01:27.130 Our liquidity position has strengthened significantly. 00:01:27.130 -- 00:01:32.139 The covenants for fourth quarter was waived and the 00:01:32.139 -- 00:01:36.166 covenants for the first quarter of 2026 have been waived. 00:01:36.166 -- 00:01:41.917 And also we have...