Hexagon Interim Report 1 January - 31 March 2021

Rhea-AI Summary

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.

Positive

• Net sales increased by 10% to 977.9 MEUR.
• Adjusted operating earnings (EBIT) rose by 34% to 257.9 MEUR.
• Earnings before taxes amounted to 250.3 MEUR.
• Net earnings reached 205.2 MEUR, reflecting strong profitability.
• Earnings per share increased to 0.56 EUR.
• Operating cash flow increased significantly to 211.9 MEUR.

Negative

• None.

NACKA STRAND, Sweden, April 29, 2021 /PRNewswire/ --

First quarter 2021

• Net sales increased by 10 per cent to 977.9 MEUR (889.9). Using fixed exchange rates and a comparable group structure (organic growth), net sales increased by 11 per cent

• Adjusted operating earnings (EBIT1) increased by 34 per cent to 257.9 MEUR (192.4)

• Earnings before taxes, excluding adjustments, amounted to 250.3 MEUR (186.6)

• Net earnings, excluding adjustments, amounted to 205.2 MEUR (153.0)

• Earnings per share, excluding adjustments, amounted to 0.56 EUR (0.41)

• Operating cash flow increased to 211.9 MEUR (136.9) 

For further information please contact:

Maria Luthström, Head of Sustainability and Investor Relations, Hexagon AB, +46 8 601 26 27, ir@hexagon.com

This information is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 13:00 CET on 29 April 2021.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/hexagon/r/hexagon-interim-report-1-january---31-march-2021,c3336589

The following files are available for download:

https://mb.cision.com/Main/387/3336589/1409998.pdf

Interim Report Q1 2021

 

View original content:http://www.prnewswire.com/news-releases/hexagon-interim-report-1-january---31-march-2021-301280107.html

SOURCE Hexagon

FAQ

What were Hexagon AB's net sales for Q1 2021?

Hexagon AB's net sales for Q1 2021 were 977.9 MEUR, a 10% increase from the previous year.

How did Hexagon AB perform in terms of operating earnings in Q1 2021?

Hexagon AB reported an adjusted operating earnings (EBIT) of 257.9 MEUR, reflecting a 34% increase compared to Q1 2020.

What is the earnings per share for Hexagon AB in Q1 2021?

The earnings per share for Hexagon AB in Q1 2021 were 0.56 EUR, up from 0.41 EUR in Q1 2020.

What was the operating cash flow for Hexagon AB in Q1 2021?

Hexagon AB reported an operating cash flow of 211.9 MEUR for Q1 2021, increased from 136.9 MEUR.