Hexagon Composites ASA : Interim results for 4th quarter 2012
Hexagon Composites ASA achieved sales of NOK 248.3 (231.8) million and an operating profit before depreciation (EBITDA) of NOK 9.8 (11.8) million in the fourth quarter of 2012. Operating profit (EBIT) was NOK -6.9 (-7.4) million and profit before tax was NOK -12.4 (-4.7) million. The weak result is largely due to lower sales than expected in the Ragasco and Devold AMT business areas, while turnover in the High-Pressure area was satisfactory due to the increased level of activity in the U.S. The result has been negatively affected by production problems in the fourth quarter, as well as