May 11, 2021
In the first quarter of 2021, Hexagon Purus Group generated NOK 57 (48) million in revenue and recorded operating profit before depreciation (EBITDA) of NOK -62 (-43) million. Revenue growth was driven by increased activity in hydrogen distribution applications as well as aerospace with slightly lower revenue contribution from heavy duty vehicle applications due to the completion of a battery electric (BEV) truck demonstration program in Q1 2020.
Continued investments in personnel and infrastructure to support and accelerate Hexagon Purus’ future growth drive negative profitability.
Presentation of the results:
Morten Holum (CEO) and Dilip Warrier (CFO) will present the results at 08:30 CEST. Follow the presentation here: https://hexagonpurus.kg5.no/
A recording of the presentation will be published on www.hexagonpurus.com after the presentation.
For more information: Salman Alam, Vice President, Corporate Development, Hexagon Purus Telephone: +47 476 12 713| email@example.com
Dilip Warrier, CFO, Hexagon Purus Telephone: +1 949-236-5528 | firstname.lastname@example.org
About Hexagon Purus ASA:
Hexagon Purus, a Hexagon Composites company, enables zero emission mobility for a cleaner energy future. Hexagon Purus is a world leading provider of hydrogen type 4 high-pressure cylinders, complete vehicle systems and battery packs for fuel cell electric and battery electric vehicles (FCEV and BEV) including hybrid mobility applications on light, medium and heavy-duty vehicles, transit buses, ground storage, distribution, maritime, rail, and aerospace applications.
For more information, please visit www.hexagonpurus.com and follow @HexagonPurus on LinkedIn and Twitter.