Hexagon to launch a cost savings programme
Hexagon AB, a leading global provider of information technologies that drive productivity and quality across geospatial and industrial enterprise applications, today announced the launch of a cost savings programme to further accelerate margin improvement, set to be implemented in the first quarter of 2017. At Hexagon’s Capital Markets Day (CMD) in December 2016 a new financial plan was launched to reach a sales target of 4.6-5.1 billion EUR and an EBIT margin of 27-28 per cent by 2021. The profitability will be improved through new applications, richer software mix and acquisitions.