Hexagon shares jump after Q4 beat in tough environment

Hexagon AB

31/01/2025 08:24

** Shares in Hexagon  HEXAb.ST  rise 7% after the Swedish
industrial group posted better-than expected Q4 results,
weathering macroeconomic challenges
    ** It books an adjusted EBIT for Q4 at 450.3 million euros
($468.0 million), against 428 million euros expected by analysts
on average
    ** It touts a return to positive organic growth, while
citing "difficult macroeconomic conditions"
    ** "We would expect some slight upward pressure (~LSD%) to
consensus estimates at this stage", J.P.Morgan analysts say
    ** The broker expects a positive read-across to other
product lifecycle management software companies like Dassault
 DAST.PA , Siemens Digital, PTC  PTC.O  and Autodesk  ADSK.O 
    ** Hexagon shares jump to highest level since April

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))