Hexagon Composites ASA: Results for the fourth quarter 2018
In the fourth quarter 2018 Hexagon Composites generated NOK 426.8 (358.5) million in operating income and made an operating profit before depreciation (EBITDA) of NOK 55.2 (39.9) million. Operating profit (EBIT) was NOK 19.2 (19.7) million and profit/loss before tax came to NOK 41.4 (2.2) million. EBIT in the fourth quarter 2017 was adversely impacted by an asset impairment adjustment of NOK 16.0 million. EBITDA for the quarter included a positive impact of NOK 18.4 million, triggered by a final reduction of the earn-out obligation related to the 2016 xperion acquisition. Underlying