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HEXA B Hexagon AB News Story

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TechnologyBalancedLarge CapFalling Star

Brief: Hexagon Q1 EBIT Down At EUR 344.7 Mln

April 30 (Reuters) - Hexagon AB HEXAb.ST:

ADJUSTED FREE CASH FLOW EUR 154 MILLION

ADJUSTED EPS EUR 0.094 VERSUS. ESTIMATE EUR 0.1

ADJUSTED EBIT EUR 344.7 MILLION

WE RECORDED WEAKER THAN EXPECTED FINANCIAL PERFORMANCE IN MARCH, WHICH IS MOST SIGNIFICANT MONTH IN QUARTER FOR REVENUES

GEOPOLITICAL UNCERTAINTY AFFECTED GROWTH IN NORTH AMERICA AND CHINA, CAUSING DELAYS IN CUSTOMER ORDERS AND SHIPMENTS

0% OVERALL ORGANIC GROWTH FOR QUARTER

WEAKNESS IN DEMAND FOR SENSORS, ROBOTIC SOLUTIONS AND PERPETUAL LICENCES

WE HAVE SEEN STABILISATION OF DEMAND EARLY IN Q2, BUT OVERALL OUTLOOK REMAINS UNCERTAIN

NORTH AMERICA RECORDED -4% ORGANIC GROWTH, WITH ACTIVITY LEVELS WEAKENING  TOWARDS END OF QUARTER

Source text: ID:nWkr3HFd6g

Further company coverage: [HEXAb.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com;  +48 58 769 66 00;))

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