August 12, 2021
Hexagon had an active quarter with strong demand and multiple important contract awards. Capacity expansion plans underway based on positive outlook.
Highlights in Q2 2021
In the second quarter of 2021, Hexagon (excl.Purus) generated NOK 726 (691) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 71 (38) million. The top-line growth was 17% before negative year-over-year foreign currency translation effects of NOK -80 million. These impacts, mainly driven by US and German based operations, apply also to the cost base of those operations and are therefore less significant at EBITDA level.
The Hexagon (excl. Purus) results are robust in light of global supply chain challenges mainly related to the pandemic. These resulted in delayed sales of NOK 72 million within Hexagon Agility as well as somewhat higher prices of inbound raw materials and transport costs, mainly affecting Hexagon Ragasco.
In the second quarter of 2021, Hexagon Group, including Hexagon Purus, generated NOK 788 (683) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 3(19) million.
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 via https://hexagongroup.kg5.no/. A recording of the presentation will be made available on www.hexagongroup.com after the presentation.
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