Q3 2025 Odfjell Technology Ltd Earnings Call Transcript
Key Points
- Odfjell Technology Ltd (ODTLF) reported an improved EBITDA of NOK202 million in Q3, up from NOK193 million in the previous quarters.
- The company secured a contract extension in Kuwait, strengthening its backlog and presence in the Middle East.
- Odfjell Technology Ltd (ODTLF) is actively pursuing M&A opportunities to expand its capabilities and product portfolio.
- The company has a strong presence in Norway, which remains a stable and active offshore market.
- Odfjell Technology Ltd (ODTLF) has a performance improvement program in place, which has already shown positive results in financial performance.
- The mobilization of the Reelwell power pipe string has been delayed due to external factors.
- There is some short-term market softening and volatility, particularly affecting the timing of tender awards.
- The order backlog has decreased from NOK13 billion to NOK12 billion, with potential for further decline.
- High CapEx levels in 2025 have affected cash flow, although a reduction is expected in 2026.
- The Project Engineering segment experienced seasonal weakness and faces a more challenging market in the near term.
Welcome to Odfjell Technologies Q3 presentation. My name is Gert Haugland, I'm the SVP for Finance and Investor Relations in Odfjell Technology. I'm joined by our CEO, Simen Lieungh; and our CFO, Jone Torstensen.
Today's presentation can be found on our website, and I ask you to please take notice of the disclaimer on Page 2. Simen will start by presenting the key highlights and talk about the market outlook, backlog and the status of our improvement program. Jone will there after we go through the financial figures before we conclude with a Q&A session. (Event Instructions)
I now hand it over to Simen for the first part.
Thank you, Gert, and thank you, everybody, for calling in to our Q3 presentation. We start with the highlights for the quarter. First of all, we -- we are set for mobilization of the [Reelwell] power pipe string. There has been some delays, unfortunately, not caused by any
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