Hexagon Composites ASA: Results for the first quarter of 2020
In the first quarter of 2020, Hexagon Group generated NOK 825 (822) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK 37 (150) million. This was driven by solid performances in Hexagon Ragasco LPG, Agility Fuel Solutions and Hexagon Mobile Pipeline. This performance helped to absorb the impacts of the planned production stop of a major customer of Hexagon Purus’ CNG Light-Duty Vehicles business, as well as initial COVID-19 impacts to the Group. In the first quarter of 2019, EBITDA included the initial net gain on the Agility transaction of NOK 69