Hexagon tumbles on earnings miss amid uncertainty in China, N.America

Hexagon AB

11/04/2025 08:48

** Shares in Hexagon HEXAb.ST fall 9% after the Swedish industrial technology group warned of declining core profit, flat organic growth in Q1, citing uncertainty in its key markets

** Hexagon posts a preliminary adjusted EBIT for the quarter falling to around 345 million euros ($391.16 million), which J.P. Morgan analysts say misses expectations by around 12%

** The company warns of lower growth in its key North American and China markets in the last two weeks of March, as economic uncertainty hit deliveries

** "Overall while the bar has come down for Hexagon... this is ultimately a significant miss vs. expectations," JPM says

** The broker also notes that Q1 adjusted operating margin of 26.1% missed consensus of 29% despite seemingly strong recurring revenue sales

** Hexagon shares, on track for their worst day since July 2023, are among top fallers on STOXX 600 .STOXX

($1 = 0.8820 euros)

 (Reporting by Boleslaw Lasocki)

 ((boleslaw.lasocki@thomsonreuters.com; +48 58 769 66 00;))