4 November 2021
Stock Exchange Release
The demand for Hexagon’s solutions remained high in the third quarter of 2021.
In the third quarter of 2021, Hexagon (excluding Purus) generated NOK 848 (769) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 110 (85) million. The top-line growth, driven primarily by Hexagon Agility, was 14% before negative year-over-year foreign currency translation effects of NOK -27 million.
“We are experiencing significant demand for our solutions across all business areas,” says Jon Erik Engeset, CEO Hexagon Group. “We delivered a strong financial performance in the third quarter, but it is fair to say our performance could have been even stronger if we weren’t constrained by industry-wide shortages of chassis, semiconductors, and other components as global supply chains are still trying to recover from the effects of the pandemic.”
Presentation of the results:
Jon Erik Engeset (CEO) and David Bandele (CFO) will present the results at 08:30 CET. The presentation will be held in the Auditorium at Hexagon’s location in Oslo, Haakon VIIs gate 2, on the lower level. As Covid-19 restrictions are lifted in Norway, we welcome those that want to attend the presentation in person.
The presentation will also be broadcasted live via: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20211104_16 A recording of the presentation will be made available on www.hexagongroup.com.
For more information:
Hiva Ghiri, VP Investor Relations, Hexagon Composites Telephone: +47 958 66 790 | firstname.lastname@example.org
Karen Romer, SVP Communications, Hexagon Composites Telephone: +47 950 74 950 | email@example.com
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.
Learn more at www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
HEX Q3 21_Report HEX Q3 2021 Presentation