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
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Q2 2020 Hexagon AB Earnings Call Transcript

Jul 24, 2020 / 08:00AM GMT
Release Date Price: $9.26 (-0.45%)
Operator

Hello, and welcome to the Hexagon Q2 Report 2020. (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 welcome to the second quarter interim report for 2020.

And if we turn to Slide 4 in the presentation. Overview of the second quarter. Recorded sales decreased by 8% in the quarter, and organic growth was minus 10%. And we saw our software business developing well with solid organic growth across the software portfolios. Safety & Infrastructure and PP&M recorded 14% and 1% organic growth, respectively. Geosystems and Manufacturing Intelligence were hit hard by the shutdowns in primarily North America and Europe and recorded minus 16% and minus 14% organic growth. But we still posted a record second quarter EBIT margin of 21.3%, up against 24.5% in the second quarter of '19. And this was supported by continuous growth in software, which gave us a richer mix and a

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