Hexagon Interim Report 1 January - 30 June 2023

Source: www.gulfoilandgas.com 7/26/2023, Location: Europe

Second quarter 2023
• 8 per cent organic revenue growth (using fixed exchange rates and a comparable group structure)
• Reported operating net sales increased by 6 per cent to 1,366.0 MEUR (1,288.7). Net sales including the reduction of acquired deferred revenue amounted to 1,365.0 MEUR (1,282.3)
• Adjusted gross margin of 65.6 per cent (65.3)
• Adjusted operating earnings (EBIT1) increased by 4 per cent to 394.1 MEUR (378.5)
• Adjusted operating margin amounted to 28.9 per cent (29.4)
• Earnings before taxes, excluding adjustments, amounted to 357.9 MEUR (372.9)
• Net earnings, excluding adjustments, amounted to 293.4 MEUR (305.8)
• Earnings per share, excluding adjustments, amounted to 10.8 Euro cent (11.2)
• Operating cash flow before non-recurring items decreased to 212.5 MEUR (232.6)


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