Hexagon up after margin beat, cost cuts plan

Hexagon AB

24/10/2025 08:47

** Shares in Hexagon HEXAb.ST rise around 5% after the Swedish industrial technology group posted a better-than-expected Q3 margin and announced a cost savings initiative

** Q3 EBIT margin came in at 26.8% versus a consensus estimate of 26.5% cited by J.P.Morgan, which the broker says resulted in a slight headline adjusted EBIT beat of around 1%

** The group said it launched a cost improvement program targeting EUR 110 million in annual savings, starting in Q4 and reaching full effect by end of 2026

** It also took a EUR 186 million impairment charge on R&D investments

** "Key from here will be the extent to which investors can underpin this as a final clearing of the decks or whether further cost savings, impairments, divisional changes etc. are required," JPM says

** The stock is on track for its best day since early September, if gains hold

 (Reporting by Jagoda Darlak)

 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))