Hexagon Composites ASA : Interim results for Q1 2013

Apr 30, 2013

Hexagon Composites ASA achieved sales of NOK 347.0 (263.6) million and an operating profit before depreciation (EBITDA) of NOK 51.6 (34.9) million in the first quarter of 2013. Operating profit (EBIT) was NOK 35.4 (17.0) million and profit before tax was NOK 35.0 (12.6) million.

The first quarter of 2013 was a pleasing quarter for Hexagon Composites with an overall increase in turnover and positive results in all business units.

Significant events in the Group since the previous quarterly report:

* Continued strong influx of new orders for TITAN(TM) transport solutions
* Continued strong influx of new orders for high-pressure cylinders in the North American market
* Installation of the production line for LPG cylinders at Rugasco in Russia is about to be completed
* Competition from Chinese actors pushes the margins in the European market for composite reinforcements to the wind power industry

For more information:

Tore J. Fjell, Acting Group President, Hexagon Composites ASA
Telephone: +47 920 33 337 | tore.fjell@hexagon.no

Tor O. Husø, CFO, Hexagon Composites ASA
Telephone: +47 95 81 97 74 | E-mail: tor.huso@hexagon.no

Solveig D. Saether, Communications Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 | Email: solveig.saether@hexagon.no

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.