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Visual22 Oct 2025
Epiroc's cash spent on M&A
Svitzer Group (SVITZR) investor relations material
Svitzer Group AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary10 Apr, 2025
Opening remarks and agenda
Warm welcome extended to shareholders, with the AGM held fully electronically for accessibility.
Meeting chaired by Nils Kronerhub, confirming legal competence and quorum with over 70% of votes represented.
Agenda included management and financial reports, profit distribution, board elections, auditor appointment, and shareholder proposals.
Financial performance review
Revenue grew 9% to DKK 6.3 billion, with adjusted EBITDA up 11% to nearly DKK 1.9 billion and a margin of 29.9%.
Free cash flow increased to DKK 584 million, reflecting disciplined cost management and efficient project startups.
Outperformed original 2024 guidance, with strong results across all four regions and notable contract wins in Panama, Brazil, and Oman.
Auditors issued an unqualified opinion on the annual report and limited assurance on the sustainability statement.
Board and executive committee updates
Board evaluation in 2024 confirmed value-adding approach; proposal to add Kim Xu Ho, an experienced maritime executive, as an independent board member.
Board and committees met several times, emphasizing strong governance and strategic oversight.
Board elections resulted in reelection of four members and addition of Kim Xu Ho for a one-year term.
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Frequently asked questions
Svitzer Group A/S is a global provider of towage and marine services, focusing on assisting large seaborne vessels with manoeuvring in and out of ports and terminals. Founded in 1833, Svitzer plays a critical role in port infrastructure with a fleet of over 450 vessels. The company serves approximately 2,000 customers in more than 140 ports and 40 terminals. The company is headquartered in Copenhagen, Denmark, and its shares are listed on Nasdaq Copenhagen.
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