Change in definition of adjusted operating earnings (EBIT1)
Hexagon AB has changed its definition of adjusted operating earnings (EBIT1), with the purpose of bringing greater clarity to the operating result and to increase comparability with industry peers operating under different financial reporting practices. As of the fourth quarter 2021, adjusted operating earnings (EBIT1) will exclude amortisation of surplus values in the purchase price allocation (PPA). The previously announced financial target of reaching an adjusted operating margin (EBIT1) of over 30 per cent by 2026 will continue to include amortisation of surplus values (PPA), i.e.,