Sweden's Hexagon Q2 sales slightly miss estimates
Sweden's Hexagon Q2 sales slightly miss estimates
Overview
Sweden measurement tech firm's Q2 sales grew 12% organically, slight miss versus analyst expectations
Adjusted EPS for Q2 rose to 7.8 euro cents
Company reported recurring revenue up 4% organically, gross margin declined to 62.3%
Outlook
Hexagon did not provide specific guidance or outlook for the current or future periods
Result Drivers
ORGANIC SALES GROWTH - Co reported 12% organic growth in Q2 sales
RECURRING REVENUE - Recurring revenue grew 4% organically in Q2
Company press release: ID:nWkr2dqRyg
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Slight Miss* | EUR 1.05 bln | EUR 1.06 bln (6 Analysts) |
Q2 Adjusted EPS |
| EUR 0.08 |
|
Q2 EPS |
| EUR 0.09 |
|
Q2 Organic Growth |
| 12.00% |
|
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 9 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the electronic equipment & parts peer group is "buy."
Wall Street's median 12-month price target for Hexagon AB is SEK96.00, about 12.2% above its July 28 closing price of SEK85.54
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
July 28 - Sweden's Storytel Q2 sales rise 12%, lifts 2026 EBITDA outlook
July 29 - France's Bureau Veritas H1 profit rises, lifts FY organic revenue growth forecast
July 29 - Sweden's Electrolux Q2 net loss widens on tariff impact
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)