HEXAGON AB B SHS NEW - HXGBF STOCK NEWS

ETQ, a part of Hexagon, announced the launch of a new release of its cloud-native QMS, Reliance NXG, which enhances collaboration through Google Docs integration. The update includes a new application, Quality Events, aimed at managing unexpected quality deviations efficiently. This release focuses on improved user experience, intuitive interface, and a standard process for identifying deviations. These tools cater to various industries including pharmaceuticals and medical devices, helping to meet rigorous quality standards.

Hexagon's Manufacturing Intelligence division has announced the winners of its inaugural 'Sixth Sense' cohort, which aims to drive sustainability and efficiency in manufacturing. The joint winners, RIIICO and SmartParts, showcased innovative solutions: RIIICO's AI-driven digital twin for factory planning and SmartParts' traceability technology for 3D-printed components. Hexagon will provide these start-ups with resources to scale their technologies globally, addressing the industry's pressing challenges, including supply chain authenticity and environmental impact.

Hexagon AB has launched R-evolution, a new initiative focused on reducing carbon emissions through renewable energy solutions. The project includes acquiring a 40-hectare site in Archidona, Spain, featuring an 8.24 MWp photovoltaic solar park, with plans to double its capacity to 16.44 MWp. This expansion aims to power the local community and offset 8,400 tonnes of CO2 annually. R-evolution will leverage Hexagon's sensor technology to enhance solar production efficiency and aims to expand its renewable portfolio to include additional solar and wind sites.

Hexagon AB reported a strong first quarter of 2021, with net sales rising by 10% to 977.9 MEUR compared to 889.9 MEUR in Q1 2020. Adjusted operating earnings (EBIT) increased by 34% to 257.9 MEUR. Additionally, earnings before taxes hit 250.3 MEUR, while net earnings reached 205.2 MEUR, reflecting an earnings per share of 0.56 EUR. The company also reported a rise in operating cash flow to 211.9 MEUR, up from 136.9 MEUR.

Hexagon AB has announced its Annual General Meeting (AGM) set for April 29, 2021, to be conducted entirely through postal voting due to COVID-19 restrictions. Shareholders must register by April 21 and submit postal votes by April 28. Key agenda items include the presentation of financial reports for 2020, approval of a €0.65 dividend per share, and elections for the Board of Directors. The meeting will also address the Share Programme 2021/2024 aimed at incentivizing senior employees, along with proposals for share acquisitions and a 7:1 share split.

Hexagon AB has launched R-evolution, a business venture aimed at promoting a sustainable economy through green-tech investments. This initiative follows Hexagon's commitment to reducing its carbon footprint and addressing climate change effectively. The first investments will focus on constructing solar farms, which are expected to reduce CO2 emissions by 50,000 tonnes annually. R-evolution, led by CEO Erik Josefsson, will explore further sustainability projects, including sustainable agriculture and ocean protection, positioning Hexagon as a leader in environmental solutions.