• Hexagon’s net sales for 1Q reached EU1.30 billion, marking a 1.2% increase from the previous year, but fell short of the estimated EU1.33 billion.
• The organic revenue growth was 3%, lower than the predicted 4.78%.
• The adjusted pretax profit reported was EU293.2 million, coming under the estimated EU328.8 million.
• Hexagon’s adjusted Ebit was EU376.5 million as opposed to the forecasted EU385.5 million.
• The adjusted operating margin increased to 37.2% from last year’s 35.9%, exceeding the projected 28.8%.
• The adjusted Ebitda stood at EU483.6 million. This indicates a 4.6% year-over-year increase but was less than the estimated EU498.6 million.
• Earnings per share were EU0.0880, lower than the estimated EU0.10.
• The CEO stated that they anticipate the immediate demand environment to stay mixed.
• However, they are confident about achieving their financial commitments for 2022-2026 – factoring in an economic slowdown.
• The company’s shares have decreased by 2.7% to SEK118.75 with 124,943 shares traded.
• The company’s shares have been rated: 10 buys, 9 holds, 5 sells.
A look at Hexagon Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Hexagon AB, a global leader in design and measurement technologies, holds a positive long-term outlook based on the Smartkarma Smart Scores. With high scores in Growth and Momentum, the company is positioned for expansion and sustained market interest. Its solid scores in Value and Resilience further strengthen its overall outlook. Though the Dividend score is moderate, the strong performance in other areas bodes well for Hexagon’s future growth potential.
As a provider of design, measurement, and visualisation technologies, Hexagon AB focuses on the Measurement Technologies sector, offering solutions in Geosystems, Metrology, and Technology. These systems enable the design, measurement, and positioning of objects, along with data processing and visualization. With a balanced combination of strengths in key areas, Hexagon is positioned to thrive in the evolving market landscape and drive innovation in the industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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