Höegh Autoliners ASA (OTCPK:HOEGF) Q1 2025 Earnings Conference Call April 25, 2025 2:30 AM ET
Company Participants
My Linh Vu – Head, Investor Relations
Andreas Enger – Chief Executive Officer
Espen Stubberud – Chief Financial Officer
Conference Call Participants
My Linh Vu
Good morning, and welcome to Hoegh Autoliners First Quarter Presentation. My name is My Linh Vu, Head of Investor Relations.
And with me today, we have CEO, Andreas Enger; and our CFO, Espen Stubberud. As usual, we will walk through the business and financial performance of the last quarter, and we will answer your questions at the Q&A session in the end.
So with that, I will hand over the stage to you, Andreas.
Andreas Enger
Thank you, My Linh. And yes, welcome to our first quarter 2025 presentation. We are pleased to announce and present another good quarter in a somewhat turbulent world starting off with this very nice picture of Hoegh Sunlight, our new build number four during its naming ceremony in Shanghai earlier this year.
The quarter in figures we have an EBITDA of $155 million, in line with plans where we have previously reported that we took on significant additional contract volumes to create a more robust and stable backlog at slightly lower rates now down at roughly $95 per cubic meter gross. We have a net profit also of $155 million, positively influenced by gain on sale of an older vessel.
We are in line with our dividend policy, declaring US$158 million of dividends for the quarter. We have declared an option on our last bareboat leasing vessel, Hoegh Copenhagen, which is a strategic long-term vessel in our fleet that has been on a bareboat lease and we’ve executed an attractive purchase option on that vessel. And we have retained a strong equity ratio of 59%. So in our
#Höegh #Autoliners #ASA #HOEGF #Earnings #Call #Transcript