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