October 30, 2019
In the third quarter of 2019 Hexagon Group generated NOK 770.3 (276.7) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 49.3 (39.2) million. This was driven by continued positive developments in Hexagon Purus’ CNG Light-Duty Vehicles business and Agility Fuel Solutions, which is consolidated entirely after the acquisition on 4 January 2019.
The EBITDA for the third quarter of 2018 included a positive impact of NOK 50.2 million from a reduction of an earn-out obligation related to the xperion acquisition in 2016. In the third quarter of 2019 depreciation and amortization increased to NOK 59.9 (19.9) million. This was primarily due to the Agility acquisition.
Key developments after balance sheet date
For more information
Jon Erik Engeset, CEO, Hexagon Composites ASATelephone: +47 916 30 550 | firstname.lastname@example.org
David Bandele, CFO, Hexagon Composites ASATelephone: +47 920 91 483 | email@example.com
Hiva Ghiri, VP Investor Relations, Hexagon Composites ASATelephone: +47 958 66 790 | firstname.lastname@example.org
About Hexagon Composites ASA Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility, industrial and consumer applications.
For more information, please visit www.hexagongroup.com
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This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act