Hexagon in brief

Making sustainability our business opportunity

Hexagon delivers safe and innovative solutions for a cleaner energy future. Hexagon aims to deliver value through sustainable growth and healthy profitability by pursuing opportunities through the global energy transition.

3,416

Operating income MNOK

108

NET PROFIT MNOK

45

Equity ratio %

QUARTERLY RESULTS

Quarter Comparison

  • Mobile Pipeline was awarded an order for TITAN® XL
    modules from a leading gas distributor in Mexico
  • Mobile Pipeline was also awarded an order for X-STORE®
    modules to transport Renewable Natural Gas (RNG) from the
    production site to the gas grid in the U.K.
  • Agility was awarded an order in the U.S. to deliver transit bus compressed
    natural gas (CNG) fuel storage systems
  • Hexagon successfully executed group wide contingency plans
    to manage potential own production, supplier and customer
    disruptions due to impacts of the COVID-19 pandemic

ANNUAL GENERAL MEETING

Hexagon Composites ASA has well established procedures for publicly announcing and issuing information about general meetings. It is the desire of the Board to allow as many shareholders as possible to be able to exercise their rights by attending the General Meeting and that the General Meeting is an effective meeting place for shareholders and the board.

Stock exchange releases

2020 June 11, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 June 10, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 June 9, 2020

MANDATORY NOTIFICATION OF TRADE - OPTIONS

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 June 8, 2020

Mandatory Notification of Trade - Options

Reference is made to the announcement on 5 April, 2017, in which Hexagon Composites ASA (the "Company") announced the grant of 1,640,000 share options to employees under its employee share option program, each at a strike price of NOK 27 per share. Of the 1,640,000 options, 1,175,000 options were granted to senior executives and managers listed as primary insiders.

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Stock Exchange Release
2020 June 6, 2020

Hexagon Mobile Pipeline® to virtually connect communities and industries to pipeline gas in the US

Hexagon Mobile Pipeline®, a Hexagon Composites subsidiary, has received a substantial contract for TITAN® 53 transport modules from Xpress Natural Gas LLC (XNG) a leading full-service provider of compressed natural gas (CNG). The strategic agreement has a total value of USD 7.3 million (approx. NOK 70.2 million) and includes additional purchase and rental options through 2021. The TITAN® 53 large-capacity Mobile Pipeline® modules will serve virtual interconnect projects providing natural gas to communities and industries that do not have access to sufficient pipeline capacity in the US.

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Stock Exchange Release
2020 June 5, 2020

Agility receives order from new major global logistics customer for CNG trucks

Agility Fuel Solutions, a business of Hexagon Composites, has signed a master services agreement with a global logistics customer to deliver compressed natural gas (CNG) fuel systems for medium and heavy-duty trucks. The initial order represents an estimated total value of USD 2.2 million (approx. NOK 20.5 million) with additional orders expected to follow.

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Stock Exchange Release
2020 June 5, 2020

Hexagon Composites ASA: Mandatory Notification of Trade

Dan Krick, SVP Organizational Development has sold 24,896 shares in Hexagon Composites ASA at a price of NOK 36,42 per share.

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Stock Exchange Release
2020 June 3, 2020

Hexagon Purus awarded contract by Toyota for hydrogen powered electric heavy-duty trucks – continuing the drive toward zero-emission commercial transport

Hexagon Purus, a subsidiary of Hexagon Composites, has been awarded a contract to supply hydrogen systems to Toyota Motor North America (TMNA) for its newest prototype hydrogen-powered heavy-duty fuel cell electric truck powertrains. The total sales value of the order is approximately 1 million USD.

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Press release
2020 May 20, 2020

Hexagon Composites ASA: Results for the first quarter of 2020

In the first quarter of 2020, Hexagon Group generated NOK 825 (822) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 37 (150) million. This was driven by solid performances in Hexagon Ragasco LPG, Agility Fuel Solutions and Hexagon Mobile Pipeline. This performance helped to absorb the impacts of the planned production stop of a major customer of Hexagon Purus’ CNG Light-Duty Vehicles business, as well as initial COVID-19 impacts to the Group.

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Stock Exchange Release
2020 May 12, 2020

Driving energy transformation: Hexagon and CIMC ENRIC forming alliance to accelerate zero-emission hydrogen transportation in China and Southeast Asia

Hexagon Composites ASA today signed a term sheet for a strategic cooperation and joint venture agreement with CIMC ENRIC, a leading Chinese manufacturer of energy equipment (3899.HK), headquartered in Shenzhen, People`s Republic of China and listed on the Hong Kong stock exchange. CIMC ENRIC is a subsidiary of China International Marine Containers (Group) Co., Ltd. (CIMC), a global leading supplier of transportation solutions headquartered in Shenzhen and listed on the Shenzhen and Hong Kong Stock Exchanges (000038 SZ and 2039 HK). The Parties will now proceed towards a final agreement.

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Stock Exchange Release
2020 May 4, 2020

Hexagon Composites ASA (OSE:HEX) will report its 2020 first quarter results on 20 May 2020 via a livestream

Quarterly earnings release:

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Stock Exchange Release
2020 April 22, 2020

Hexagon Composites ASA: Mandatory notification of trade – Long Term Incentive program, new awards

The Board of Directors of Hexagon Composites ASA ("Hexagon Composites" or the "Company") has decided to provisionally award up to 3 711 634 Performance Share Units ("PSUs") under a Long-Term Incentive Program (LTIP).

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Stock Exchange Release
2020 April 22, 2020

Hexagon Composites ASA: Minutes from Annual General Meeting

The annual general meeting of Hexagon Composites ASA was held today, Wednesday 22 April 2020 in Aalesund, Norway.

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Stock Exchange Release
2020 April 14, 2020

Karen Romer appointed SVP Communications in Hexagon

Hexagon Composites ASA has appointed Karen Romer as Senior Vice President Communications. Karen will lead Hexagon’s Communications activities globally and will be the principal contact for the Company’s communication activities.

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Press release
2020 April 3, 2020

Norwegian Hydrogen AS successful capital increase for the Pilot-E project Hellesylt Hydrogen HUB start-up phase 1

Norwegian Hydrogen AS, founded by Flakk Group and lead partner of the Hellesylt Hydrogen Hub consortium has successfully raised NOK 10.3 million in a capital increase.

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Press release
2020 April 3, 2020

Hexagon Purus receives order for hydrogen distribution systems from Everfuel

Hexagon Purus has been awarded an order from Everfuel to deliver two new generation X-STORE high-pressure hydrogen distribution modules.

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Stock Exchange Release
2020 April 1, 2020

Hexagon Composites ASA: Notice of Annual General Meeting

The annual general meeting of Hexagon Composites ASA will be held Wednesday 22 April 2020 at the Company's office in Korsegata 4B, Aalesund, Norway.

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Stock Exchange Release
2020 March 30, 2020

Hexagon Composites ASA: Mandatory notification of trade

Reference is made to the stock exchange release dated 27 March 2020 regarding Hexagon Composites' share buy-back program.

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Stock Exchange Release
2020 March 27, 2020

Hexagon Composites ASA: Mandatory notification of trade

Reference is made to the stock exchange release dated 27 March 2020 regarding Hexagon Composites' share buy-back program.

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Stock Exchange Release
2020 March 27, 2020

Hexagon Composites ASA: Initiates share buy-back program

The Board of Directors of Hexagon Composites ASA has resolved to acquire up to 1,000,000 own shares under the share buy-back program. The share buy-back program will be conducted in accordance with the applicable regulations of the Oslo Stock Exchange and within the mandate stated in the minutes from the Company's Annual General Meeting held on 24 April 2019, available at www.hexagongroup.com

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Stock Exchange Release

Recent reports & presentations

Annual Report 2019PDF
Sustainability ReportPDF

HEXAGON SHARE AT A GLANCE

Financial Calendar

Shareholder information

Hexagon Composites ASA's objective is to ensure that the shareholders receive a competitive return over time. This return will first and foremost come through increases in the price of the Group's shares and partly through the payment of dividends.

IR CONTACTS

Contact us for more investor relations information. Responsibility for Investor Relations in Hexagon Composites ASA:

HIVA GHIRI

Vice President Investor Relations
On Maternity Leave

+47 958 66 790
ir@hexagongroup.com
hiva.ghiri@hexagongroup.com

Karen Romer

Karen Romer

SVP Communications

+47 950 74 950

karen.romer@hexagongroup.com

Account Controller for Hexagon Composites ASA

DNB Markets

Verdipapir Service

kua@dnb.no
+47 22 94 91 73