Hexagon Composites ASA: First quarter 2022
Strong growth year over year 12 May 2022: Hexagon (excluding Hexagon Purus) generated NOK 913 (690) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 84 (87) million. Overall demand remains high and top-line growth was achieved across all segments. Margins were, however, adversely impacted by increased cost of materials and components. Mitigating actions such as price increases and productivity programs are expected to gradually reverse the margin compression in the coming quarters. Hexagon Purus generated NOK 159 (52) million in revenue and