Q4 2024 Hexagon Composites ASA Earnings Call Transcript

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Feb 13, 2025

Feb 13, 2025 / 07:30AM GMT
Knut Flakk - Hexagon Composites ASA - Chairman of the Board

Good morning, everyone. Welcome to Hexagon Composites' Q4 2024 presentation. My name is Knutlak. I'm the Chairman and the Founder of Hexagon Composites. And I'm very pleased to be here today and see all of you.

And I'd like to just take a quick step back to 20 -- or not 20 but 2000 when we founded the company and we went public. At that point in time, we had roughly NOK100 million in sales, so just north of NOK100 million. And during the first 10 years, we managed to get to NOK1 billion.

So we made 10 times, and that was under the leadership of Erik Espeset. Then in 2013, Jon Erik Engeset took charge, and he brought the company from NOK1 billion to NOK5 billion roughly. And I'd like to thank Jon Erik for his achievements and for his strong contribution over these years. He's done a fantastic job and he finished his duty as a CEO by the end of 2024.

So what you see here today is much to his honor, and then, we will obviously introduce you to the next CEO. But before I do so, I'd like to mention just two main reasons why

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