Hexagon Composites ASA: Revised full year guidance
14 October 2022: Hexagon Composites ASA (“Hexagon”) refers to its financial guidance for 2022 for Hexagon excluding Hexagon Purus (“Purus”) as communicated in the second quarter reporting on 11 August 2022. The expected revenues were stated between NOK 3.7 to 3.9 billion and EBITDA target of around NOK 400 million, with downside risk, for full year 2022. Demand remains robust and revenues for 2022, mainly secured by backlog, are expected to meet the guided target. However, we continue to experience exceptionally high costs of production which we are unable to mitigate in the short term.