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;))