Hexagon Purus ASA (OSL:HPUR)
kr 1.98 -0.0020 (-0.1%) Market Cap: 848.40 Mil Enterprise Value: 2.67 Bil PE Ratio: 0 PB Ratio: 0.65 GF Score: 62/100
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Q1 2025 Hexagon Purus ASA Earnings Call Transcript

May 6, 2025 / 06:30 AM GMT
Release Date Price: kr1.56 (-8.24%)

Key Points

Positve
  • Hexagon Purus ASA (HPURF) extended a multi-year supply agreement with Solaris, indicating strong commercial momentum in the hydrogen transit bus sector.
  • The company signed a multi-year agreement with Stadler for hydrogen fuel storage systems for rail applications in California, showcasing growth in the rail sector.
  • Hexagon Purus ASA (HPURF) received its first orders from MCV, an Egyptian bus OEM, expanding its customer base in the Middle East and Africa.
  • The company is on track with its EUR200 million cost reduction program, aiming to lower the break-even point and extend the cash runway.
  • There is a significant increase in revenue contribution from the hydro and distribution business, indicating diversification in revenue streams.
Negative
  • Hexagon Purus ASA (HPURF) experienced a 44% decline in revenue compared to the same period last year, indicating financial challenges.
  • The company was negatively impacted by the loss of Nikola, its main customer in the heavy-duty truck area, which filed for Chapter 11.
  • There is a significant delay in new green hydrogen projects in Europe, affecting revenue from hydrogen infrastructure.
  • The company faced restructuring costs of 43 million in the quarter, impacting overall profitability.
  • The policy shift from the new US administration has weakened the midterm market outlook and demand visibility for battery electric mobility.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HPUR.OL - Hexagon Purus ASA
Q1 2025 Hexagon Purus ASA Earnings Call
May 06, 2025 / 06:30AM GMT

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Presentation
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Unidentified_1 [1]
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Hi and welcome to Hexagon Puris Q1 2025 presentation. My name is Matthias Mahal, and I am the IR director of Hexagon Purers.

I will be moderating from the studio in Oslo and from the studio, I'm also joined by Group CEO Martin Hole and Group CEO Salman Aam.

The agenda for today includes as usual, the highlights from the quarter, a company update, the financials, and the outlook. We will also end the presentation with a Q&A session, so please feel free to answer your question via the function on your screen. So with that, I will pass the word over to you, Martin, who will take us through the highlights of the quarter.

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