Hexagon Composites ASA: First quarter 2023
11 May 2023: Hexagon (excluding Hexagon Purus) reported revenues of NOK 1 130 (913) million, representing 24% growth compared to the same quarter last year driven by higher volumes, improved pricing as well as favorable FX translation effects. Operating profit before depreciation (EBITDA) totaled NOK 83 (84) million for the quarter. In the first quarter of 2023, Hexagon Purus revenues grew 53% year-over-year to NOK 244 (159) million with an EBITDA of NOK -112 (-93) million. In March, Hexagon Purus raised gross NOK 500 in new equity and NOK 800 in a convertible bond. Following the capital