Hexagon Interim Report 1 January - 31 March 2024

First quarter 2024

• 3 per cent organic revenue growth (using fixed exchange rates and a comparable group structure)
• Net sales increased by 1 per cent to 1,299.9 MEUR (1,286.6)
• Net sales including the reduction of acquired deferred revenue amounted to 1,299.9 MEUR (1,285.1)
• Adjusted gross margin of 66.5 per cent (66.5)
• Adjusted operating earnings (EBIT1) increased by 1 per cent to 376.5 MEUR (371.2)
• Adjusted operating margin amounted to 29.0 per cent (28.9)
• Earnings per share, excluding adjustments, amounted to 10.1 Euro cent (10.4)
• Earnings per share, including adjustments, amounted to 8.9 Euro cent (9.1)
• Operating cash flow before non-recurring items increased to 219.4 MEUR (141.5)
• Cash conversion amounted to 88 per cent (66)
• Recurring revenue increased by 6 per cent to 520.3 MEUR (491.5)

For further information, please contact:
Tom Hull, Head of Investor Relations, +44 (0) 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations and Business Analyst, +46 8 601 26 26, ir@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 26 April 2024.

Hexagon is the global leader in digital reality solutions, combining sensor, software and autonomous technologies. We are putting data to work to boost efficiency, productivity, quality and safety across industrial, manufacturing, infrastructure, public sector, and mobility applications. 

Our technologies are shaping production and people related ecosystems to become increasingly connected and autonomous – ensuring a scalable, sustainable future.

Hexagon (Nasdaq Stockholm: HEXA B) has approximately 24,500 employees in 50 countries and net sales of approximately 5.4bn EUR. Learn more at hexagon.com and follow us @HexagonAB.