Hexagon AB (OTCPK:HXGBF)

$ 10 0 (0%) Market Cap: 25.74 Bil Enterprise Value: 28.84 Bil PE Ratio: 25.28 PB Ratio: 2.46 GF Score: 90/100

Q3 2022 Hexagon AB Earnings Call Transcript

Oct 27, 2022 / 08:00AM GMT

Release Date Price: $10.17

Transcript

Operator

Hello, and welcome to the Hexagon Q3 report for 2022. (Operator Instructions) Today, I'm pleased to present Hexagon's President and CEO, Ola Rollen, as well as the Chief Operating Officer, Paolo Guglielmini. Please go ahead with your meeting.

Ola Rollen;publ;CEO

Hexagon AB;President & Director

()- -

Thank you, and welcome, everyone, to this third quarter interim report. And if we start on Slide #4, overview for the third quarter. We record a sales increase of 23% in this quarter. And 7% coming from structure, i.e., M&A activity, 9% is coming from currency tailwind and 7% is organic growth. And we saw broad-based demand across all geographies and industries in the third quarter. As you might have seen from the gross margin, our product mix continued to improve, strengthening both EBIT and gross margins. And we expect a resolution of the supply chain pressures by the end of the year. We reported an EBIT of EUR 386 million, which is 24% stronger than the corresponding period for 2021.

If we move to Slide 5,

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