2024-02-13 11:12:06 ET
Hexagon Purus ASA (HPURF)
Q4 2023 Earnings Conference Call
February13, 2023, 02:30 AM ET
Company Participants
Morten Holum - Chief Executive Officer
Salman Alam - Chief Finance Officer
Eli Turander - Global Communication Director
Conference Call Participants
Helene Brondbo - DNB Markets
Elliot Jones - Nordea Markets
Alex Sanchez - Kendra Scott
Presentation
Eli Turander
Hi, and welcome to Hexagon Purus's Q4 2023 presentation. My name is Eli Turander, and I'm the Global Communication Director in Hexagon Purus. I will be moderating from the studio in Oslo, and from the studio, I'm also joined by group CEO, Morten Holum, and group CFO, Salam Alam. The agenda for today includes, as usual, highlights from the quarter, a company update, the financials and the outlook. We will end the presentation with a Q&A session, so please feel free to answer your questions via the function on your screen.
With that, I will pass over the word to you, Morten, who will take us through the highlights of the quarter.
Morten Holum
Thanks, Elie, and good morning to everyone joining us this morning. We have put another good quarter and another good year behind us and I look forward to sharing the highlights from Q4 and for full year 2023 with you today.
Before getting into the meat of the presentation, I would like to take a step back and put the year we've just put behind us into context and highlight a few key points. As a reminder to everyone, we're in the process of executing a strategy and the business plan that we laid down back in 2020. So first, the key prerequisite for any business to develop and thrive is to succeed with customers, and since we went public in 2020, we have secured many contracts that have turned into recurring orders, and we've signed several long-term agreements with key customers that gives comfort on future earnings visibility. Second, we're in the process of finalizing a major capacity expansion program that gives us the required capacity to deliver on our revenue targets for 2025. We've transferred the company from the Euronext Growth Platform onto the main list Of the Oslo Stock Exchange. As one of very few companies that were listed back in 2021 on Euronext Growth when the industry was a peak hype, underlining the strong substance and solidity of our business and during these years, we have built a solid investor base of several high-quality investors. In addition to the company, we were carved out from Hexagon Composites, we've deepened our strategic partnership with Mitsui who's also contributed financially and in the latest capital round, we were able to add Hy24 as a new strategic partner. Hy24 is the first investment house fully dedicated to scaling up the hydrogen economy and we were the first investment in our newly established hydrogen equipment fund....
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Hexagon Purus ASA (HPURF) Q4 2023 Earnings Call Transcript