Hexagon Composites ASA: Second quarter 2022
11 August 2022: Hexagon (excluding Hexagon Purus) delivered NOK 1 034 (726) million in revenues and an operating profit before depreciation (EBITDA) of NOK 90 (71) million in second quarter 2022. The underlying demand remains strong with record-high demand for Mobile Pipeline and hydrogen distribution modules for infrastructure and industrial segments. However, further cost escalation and supply chain inefficiencies in the industry continue to weigh on margins.In accordance with its ambitious business plan, Hexagon Purus more than doubled revenues year over year to NOK 210 (94) million