Hexagon publishes its preliminary results for the second quarter 2020
Due to higher earnings than market expectations for the second quarter of 2020, Hexagon is today publishing its preliminary results. Adjusted operating profit (EBIT1) for the second quarter 2020 amounted to 226 MEUR (239) corresponding to an EBIT1 margin of 25.3 per cent (24.5). Net sales amounted to 897 MEUR (976) and organic sales declined by -10 per cent compared to the same period last year. Regarding the reporting segments within Hexagon, Industrial Enterprise Solutions recorded -10 per cent organic growth and Geospatial Enterprise Solutions recorded -9 per cent organic growth.