Sweden's Hexagon says geopolitical uncertainty hit financial results in March
30/04/2025 07:32
April 30 (Reuters) - Swedish industrial technology group Hexagon HEXAb.ST said on Wednesday that customer orders and shipments were delayed due to geopolitical uncertainty, leading to a weaker-than-expected financial performance in March. The company had, earlier this month, said its adjusted operating profit fell around 8% in the January-March first quarter, due to weakening growth in North America and China. Hexagon now said in a statement that demand for sensors, robotic solutions and perpetual licences were weak. It said the weakness came after a good start to the year. "We have seen a stabilisation of demand early in the second quarter, but the overall outlook remains uncertain," said interim CEO Norbert Hanke, who took over after the sudden departure of Paolo Guglielmini in November. (Reporting by Marta Frąckowiak in Gdansk; Editing by Savio D'Souza) ((marta.frackowiak@thomsonreuters.com))