Sweden's Hexagon targets yearly organic growth of 4-6% until 2030 (updated)
30/04/2026 08:40
Adds details on mid-term targets, context, analyst view and shares in a bullet point summary April 30 (Reuters) - Swedish industrial technology group Hexagon HEXAb.ST set new financial targets until 2030 in a statement issued ahead of its investor day on Thursday, aiming for average yearly organic revenue growth of between 4% and 6%. Hexagon CEO Anders Svensson, who took the helm in July last year, said the company was entering a new phase as a focused global leader in precision measurement and positioning, with a portfolio of solutions critical to enabling industrial autonomy. 2026-2030 target: earnings before interest, taxes, amortisation and capitalised costs (EBITAC) margin of between 24% and 26% 2026-2030 target: annual cash conversion of 90% to 100% of EBITAC Growth to be supported by strong demand, new products and closer customer ties, Hexagon says Recent portfolio moves have sharpened Hexagon's focus on its core precision measurement and positioning operations Business areas going forward comprise Manufacturing Intelligence, Infrastructure & Geospatial and Autonomous Solutions, as well as a robotics division currently in an investment phase Developing robotics business excluded from 2026-2030 targets to improve visibility of core performance Capital allocation priorities, in order: reinvestment in organic growth, value-accretive bolt-on acquisitions, progressive dividend and selective larger deals Last week, Hexagon reported a slight rise in Q1 earnings, boosted by organic sales growth of 8% New mid-term targets point to slightly weaker growth expectations but greater cost transparency, J.P. Morgan said in a note Shares were broadly unchanged in early Stockholm trading (Reporting by Marta Frąckowiak in Gdańsk; Editing by Milla Nissi-Prussak) ((marta.frackowiak@thomsonreuters.com))