Sweden's Hexagon tops Q4 profit forecast (updated)
31/01/2025 07:28
(Adds detail on results throughout)
Jan 31 (Reuters) - Industrial technology group Hexagon
HEXAb.ST posted a bigger than expected rise in its fourth
quarter operating profit on Friday, aided by organic growth
recovery and expansion in recurring revenues in some of its
units despite a tough market environment.
The Swedish maker of measurement and positioning systems
said its adjusted earnings before interest and taxes (EBIT) rose
to 450.3 million euros ($468.0 million) in the October-December
period, compared with 438.4 million a year earlier.
That beat the 427 million euros expected by analysts in a
company-provided consensus.
Hexagon said the strong performance was driven by its Asset
Lifecycle Intelligence unit, which provides software for
constructing and operating industrial facilities, and the
Safety, Infrastructure & Geospatial unit responsible for public
safety solutions.
(Reporting by Marta Frąckowiak in Gdansk; Editing by Milla
Nissi)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;
marta.frackowiak@thomsonreuters.com))