Hexagon AB (OTCPK:HXGBY)
$ 9.61 -0.045 (-0.47%) Market Cap: 25.92 Bil Enterprise Value: 29.68 Bil PE Ratio: 23.78 PB Ratio: 2.46 GF Score: 92/100

Q3 2019 Hexagon AB Earnings Call Transcript

Oct 30, 2019 / 12:00PM GMT
Release Date Price: $7.43 (+4.08%)
Operator

Hello, and welcome to the Hexagon Q3 Report 2019. (Operator Instructions)

Today, I am pleased to present Ola Rollén. Please go ahead with your meeting.

Ola RollÃ;n;publ;CEO
Hexagon AB;President & Director

© - ()- -

Thank you, and good morning, good afternoon, everyone, and welcome to this third quarter interim report for the Hexagon Group.

And if we start on Page 4, we get an overview of the third quarter. Organic growth was minus 3% in the quarter, and the net sales recorded growth was plus 1%. The best-performing business in the quarter was the PP&M division with an 8% organic growth. SI forecasted return to growth in the third quarter and recorded plus 1%. Geosystems recorded minus 3% organic growth, and it's been negatively impacted by tough comparisons from a big product launch that we saw last year and large orders for the mapping content business, which did not happen this year. We've also seen a general slowdown in the construction sector throughout the quarter.

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot