Cavendish Hydrogen ASA (CAVEN) Earnings Call Transcript & Summary

Hello, everyone, and welcome to this Q&A session about Cavendish Hydrogen's fourth quarter results. Today is February 27, 2025. And my name is Robert Borin. I am the CEO of Cavendish Hydrogen. And with me today, I have our CFO, Marcus Halland. This morning, we published a presentation of Cavendish Hydrogen's fourth quarter results, where the main points from this presentation were that we continue to see positive trends in performance, uptime, improved reliability and customer satisfaction on our delivered equipment, which is very positive. We finalized the announced restructuring round and the cost-cutting exercise, and we are now standing with an agile and well-capitalized organization as a result. We had an all-time high 267,000 kilos of hydrogen dispensed from Cavendish Hydrogen fueling equipment during this quarter. which is, of course, super positive as well. And we ended the quarter with a solid cash position of close to EUR 42 million. Now we look forward to answering your questions. And Michael Dahl, our Head of Strategy, will manage the questions. So please go ahead.

Thank you, Robert. [Operator Instructions] So please start off by stating your name and what company or media you represent. So you can go on with questions.

Thank you, Michael. So if there are any questions, please raise your hand and then we will take them in the order that they are coming in. We will give it a few more seconds here before we are concluding on the session if there are no specific questions. So far, I can see that there are no hands raised. Also no questions in the chat here yet. Well, if there are no specific questions to the report that we published this morning and the presentation we also published this morning, then I thank you, everyone, for logging on today, and we are looking forward to seeing you again in our next quarterly report and the next Q&A session that we will have in a couple of months from now. So again, thank you, everyone, and have a great day.