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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Q3 2020 Hexagon AB Earnings Call Transcript

Oct 28, 2020 / 09:00AM GMT
Release Date Price: $10.59 (+0.10%)
Operator

Hello, and welcome to the Hexagon Q3 report for 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 very much, and welcome, everyone, to this third quarter interim report of 2020. I suggest that we start on Slide #4, overview of the third quarter 2020.

So recorded sales decreased by 2%, and we report an organic growth of 0%, FX of minus 4% and then a positive 2% impact from acquisitions during the year. It's a broad-based sequential recovery, and we see China recording 18% organic growth.

We report solid growth in the Geospatial segment, and Geosystems and Space & Infrastructure record 5% and 9% organic growth, respectively. But we do see continued negative organic growth the Industrial segment where Manufacturing Intelligence and PPM record minus 4% and minus 7% organic growth. Software recorded growth in the quarter, whilst hardware contracted.

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