May 12, 2021
In the first quarter of 2021, Hexagon (excl. Purus) generated NOK 690 (802) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 87 (82) million. The US Truck and European Transit bus business had a strong start to the year while it was a light quarter in Mobile Pipeline. Headwinds from the global semi-conductor shortage impacted the Light-Duty sector negatively. Hexagon Ragasco had a strong start with sales volumes primarily to European markets, while Hexagon Digital Wave started the year with modest sales volumes. However, development of a pipeline for digital products/services, strengthened the positioning of the Hexagon Digital Wave business.Key developments in the quarter
Key developments after balance sheet date
Presentation of the results
Jon Erik Engeset (CEO) and David Bandele (CFO) will present the results at 08:30 CEST and the presentation will be broadcasted live. The presentation will be held in English.
Link to webcast: https://hexagongroup.kg5.no/
A recording of the presentation will be made available on www.hexagongroup.com.
Contacts:Karen Romer, SVP Communications, Hexagon Composites Telephone: +47 950 74 950 | firstname.lastname@example.org
Hiva Ghiri, VP Investor Relations, Hexagon CompositesTelephone: +47 958 66 790 | email@example.com
About Hexagon Composites ASAHexagon 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.