- Hexagon’s preliminary net sales for the first quarter were reported at EUR 1.32 billion.
- The company’s preliminary organic revenue showed no growth, falling short of the 1.88% estimate.
- Hexagon’s preliminary adjusted EBIT was EUR 345 million, with an adjusted operating margin of about 26.1%.
- The company began the year well but experienced a dip in financial performance in March, crucial for quarterly revenues.
- Decline in growth was noted in the NAFTA and China markets in late March, attributed to economic uncertainty.
- Strong growth in recurring revenues was observed; however, sensor sales underperformed, negating the gains.
- The management is monitoring market conditions closely and plans to address cost structures if demand remains weak.
- Hexagon plans to release its full 1Q report on April 30.
- Current market recommendations include 12 buys, 11 holds, and 3 sells.
A look at Hexagon Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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 provider of design, measurement, and visualisation technologies, shows a promising long-term outlook based on its Smartkarma Smart Scores. With a solid score of 4 for growth, Hexagon is projected to expand and develop significantly in the future. The company also demonstrates resilience and momentum with scores of 3 in both categories, indicating its ability to withstand challenges and sustain positive performance momentum. While the value and dividend scores are slightly lower at 3 and 2 respectively, the strong growth potential positions Hexagon well for long-term success in the competitive market.
Hexagon’s core business area, Measurement Technologies, encompasses Geosystems, Metrology, and Technology, offering innovative systems for designing, measuring, and positioning objects. Through its ability to process and present data effectively, Hexagon remains at the forefront of technological advancements. With a balanced combination of growth, resilience, and momentum, Hexagon is poised to capitalize on emerging opportunities and solidify its position as a leading player 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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