In the third quarter 2015 Hexagon Composites generated NOK 256.9 (349.3) million in operating income and made an operating loss before depreciation (EBITDA) of NOK -31.0 (75.1) million. Operating loss (EBIT) was NOK -43.8 (55.5) million and profit/loss before tax came to NOK -56.0 (59.7) million.
Operating results declined compared with the third quarter of 2014, impacted by significantly lower sales volumes for Mobile PipelineTM solutions and seasonally low sales volumes of Low-Pressure Cylinders. The heavy-duty truck market in North America remains robust and the transit bus markets in North America and Europe continue to display healthy growth.
For more information:Solveig D Saether, Communication Manager, Hexagon Composites ASATelephone: +47 906 34 977 | firstname.lastname@example.org