Hexagon positively affected by US tax reform
Due to the legislation of the US tax reform (Tax Cuts & Jobs Act), resulting in revaluations of deferred tax liabilities on the balance sheet, Hexagon expects a one-off positive tax income of approximately 72 MEUR during the fourth quarter of 2017. The one-off positive tax effect will not impact the cash flow.
Hexagon does not expect any significant changes in the group tax rate for 2018 based on current estimates.
For further information, please contact:
Maria Luthström, Investor Relations Manager, Hexagon AB, +46 8 601 26 27, firstname.lastname@example.org
Kristin Christensen, Chief Marketing Officer, Hexagon AB, +1 404 554 0972, email@example.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 08:00 CET on 15 January 2018.
Hexagon is a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications.
Hexagon’s solutions integrate sensors, software, domain knowledge, and customer workflows into intelligent information ecosystems that deliver actionable information. They are used in a broad range of vital industries.
Hexagon (Nasdaq Stockholm: HEXA B) has more than 18,000 employees in 50 countries and net sales of approximately 3.1bn EUR. Learn more at hexagon.com and follow us @HexagonAB.