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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Q1 2022 Hexagon AB Earnings Call Transcript

Apr 29, 2022 / 12:00PM GMT
Release Date Price: $12.8 (+0.08%)
Operator

Ladies and gentlemen, hello, and welcome to the Hexagon Q1 report 2022. (Operator Instructions) Today, I'm pleased to present Ola Rollen. Please go ahead with your meeting, sir.

Ola Rollen;publ;CEO
Hexagon AB;President & Director

()- -

Thank you very much. Good morning, good afternoon, and good evening, everyone, and welcome to the interim report presentation for the first quarter of 2022. And I suggest that we skip slides and go straight to Slide 4, overview for the first quarter of 2022.

Sales increased by 19%, out of which 10% were organic and currency added another 4%. We had very strong currency tailwind from primarily the Chinese renminbi and the U.S. dollar. M&A, which we call structure added another 5%. It is still a very challenging supply chain situation. And the lack of silicon wafers in our supply chain hampered organic growth by 6% in the quarter. However, all divisions improved their results and despite seeing a negative impact from the war in Ukraine, and all supply constraints that we've

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