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

Key developments Q2

  • The company announced the signing of a term sheet for a strategic cooperation and joint venture agreement with CIMC ENRIC, a leading Chinese manufacturer of energy equipment
  • Hexagon Purus was awarded a contract with sales value of USD 1 million (approximately NOK 9 million) to supply hydrogen systems to Toyota Motor North America (TMNA) for its newest prototype hydrogen-powered heavy-duty fuel cell electric truck 
  • Hexagon Mobile Pipeline® received a USD 7.3 million (approx. NOK 70.2 million) contract for TITAN® 53 transport modules for virtual interconnect projects providing natural gas to communities and industries in the U.S.
  • Agility Fuel Solutions signed a master services agreement, including an initial order for USD 2.2 million (approx. NOK 20.5 million), with a new major global logistics customer to deliver CNG fuel systems for medium and heavy-duty truck

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 September 15, 2020

H2Bus Consortium and Wrightbus Join Forces to Transform Public Transit with First Truly Zero Emission Fuel Cell Electric Buses

The H2Bus Consortium announces an agreement with Wrightbus for the supply of hydrogen fuel cell electric buses in Europe. The H2Bus Consortium is now on track to deploy 1,000 hydrogen fuel cell electric buses, along with supporting infrastructure, in European cities at commercially competitive rates.

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Press release
2020 August 31, 2020

Hexagon Composites ASA: Mandatory Notification of Trade by Primary Insider

Karen Romer, SVP Communications in Hexagon Composites ASA, has on 31 August 2020, purchased 1,800 shares in Hexagon Composites ASA at an average price of NOK 52.75. Following this transaction, Ms. Romer holds a total of 1,800 shares in Hexagon Composites ASA.

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Stock Exchange Release
2020 August 31, 2020

Hexagon Composites ASA: Registration of share capital increase

Reference is made to the stock exchange notice published by Hexagon Composites ASA (the “Company”) on 24 August 2020 regarding the private placement of 18,329,064 new shares in a private placement (the "Private Placement"). The share capital increase pertaining to the new shares issued in the Private Placement has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is NOK 20,161,971.20 divided into 201,619,712 shares each with a par value of NOK 0.10.

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Stock Exchange Release
2020 August 27, 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 August 26, 2020

Hexagon Composites ASA: Mandatory Notification of Trade by Primary Insider

Hans Peter Havdal, board member in Hexagon Composites ASA, has on 25 August 2020, purchased 3,900 shares in Hexagon Composites ASA at an average price of NOK 51. Following this transaction, Mr. Havdal holds a total of 3,900 shares in Hexagon Composites ASA.

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Stock Exchange Release
2020 August 25, 2020

Hexagon Composites ASA: Invitation to presentation of Hexagon and its Spin Off plans for Hexagon Purus

Reference is made to the stock exchange announcement on 24 August 2020, regarding the intended Spin Off and listing of Hexagon Purus.
Jon Erik Engeset, CEO and Morten Holum, President Hexagon Purus will present Hexagon and the intended Spin Off today, 25 August 2020 in a webcast at 10:00 CEST.

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Stock Exchange Release
2020 August 24, 2020

Hexagon Composites ASA: Private placement successfully completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

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Stock Exchange Release
2020 August 24, 2020

Hexagon Composites ASA: Contemplated private placement and intention to spin off and list Hexagon Purus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

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Stock Exchange Release
2020 August 21, 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 August 20, 2020

Hexagon Purus enters Northeast Asian market for hydrogen-powered passenger cars – joining the drive toward zero-emission transportation in the region

A key automotive leader for Fuel Cell Vehicles (FCEVs) in Northeast Asia has nominated Hexagon Purus, a subsidiary of Hexagon Composites, for the serial supply of composite cylinders for their current zero-emission Fuel Cell Electric SUV. Hexagon Purus‘ cylinders will be installed in the vehicle model starting by 2022.

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Stock Exchange Release
2020 August 19, 2020

Hexagon to transfer CNG LDV to its g-mobility business – establishing Hexagon Purus as a pure e-mobility business

Hexagon Composites announces today the transfer of its Compressed Natural Gas Light Duty Vehicle (CNG LDV) activities from Hexagon Purus, to Hexagon’s gas-mobility (g-mobility) business. This transfer will establish Hexagon Purus as a pure e-mobility business.

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Stock Exchange Release
2020 August 12, 2020

Agility Secures Over $8M USD to Expand Anheuser-Busch CNG Fleet

Agility® Fuel Solutions (Agility), a business of Hexagon Composites and a leading global provider of clean fuel solutions for medium- and heavy-duty commercial vehicles, received a substantial order from longtime customer Anheuser-Busch. Over 180 new trucks equipped with Agility’s ProCab® 175 CNG Fuel Systems will be joining the fleet. The estimated total value of the order is over USD 8.0 million (approx. NOK 72 million).

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Stock Exchange Release
2020 August 12, 2020

Hexagon Composites ASA: Results for the second quarter and first half year 2020

In the second quarter of 2020, Hexagon Group generated NOK 683 (882) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 19 (62) million. Profitability was reduced by the impacts of the global pandemic and resulting macro factors, particularly in Agility Fuel Solutions and Hexagon Mobile Pipeline businesses. Hexagon Ragasco experienced a strong quarter.

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Stock Exchange Release
2020 July 29, 2020

Hexagon Purus to produce high-performance cylinders for a major new aerospace customer – continuing the drive to modernize spaceflight

Hexagon Purus, a subsidiary of Hexagon Composites, has been awarded a contract for the design, development, qualification and production of high-performance Type 4 composite pressure vessels to a new major aerospace customer for its launch vehicle. The total sales value of the current order is approximately USD 5.2 million (approx. NOK 48 million). Future orders are expected to follow the successful delivery of the first shipment.

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Stock Exchange Release
2020 July 29, 2020

Hexagon Composites ASA: Mandatory notification of trade – Restricted Stock Unit Program new awards

The Board of Directors of Hexagon Composites ASA ("Hexagon Composites" or the "Company") has decided to provisionally award up to 70 000 Restricted Share Units ("RSUs") under a Long-Term Incentive Program (LTIP) to align the interests of the participating employees with those of the Company's shareholders.

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Stock Exchange Release
2020 July 22, 2020

Hexagon Composites ASA: Invitation to presentation of second quarter and half-year results 2020

Hexagon Composites ASA’s second quarter and half-year results 2020 will be released on 12 August 2020 at 07:00 CEST.

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Stock Exchange Release
2020 July 21, 2020

Hexagon granted funding by the U.S Department of Energy

Hexagon has been granted USD 2.6 million (approx. NOK 24 million) in initial funding by the U.S Department of Energy (DOE) to research how carbon fiber and composite structure can be optimized to reduce hydrogen and natural gas storage tank costs.  

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Stock Exchange Release
2020 July 18, 2020

Hexagon Purus receives first contract to provide hydrogen transport modules in the US

Hexagon Purus has signed a contract with a major US hydrogen fuel supplier and hydrogen refueling station operator to provide multiple X-STORE transport modules for the distribution of high-pressure hydrogen gas. The contract has an estimated value of USD 4.8 million (approx. NOK 45 million) and includes additional purchase options that, if exercised, will bring the total value of the contract to approximately USD 7 million (approx. NOK 65 million). 

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Stock Exchange Release
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.

read more
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.

read more
Stock Exchange Release

Recent reports & presentations

Q2 PresentationPDF
Q2 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