Brief: Hexagon Composites Q3 EBITDA Falls To NOK 68 Million

Hexagon Composites ASA

03/11/2022 06:09

Nov 3 (Reuters) - Hexagon Composites ASA  HEX.OL :
    * REG-HEXAGON COMPOSITES ASA: THIRD QUARTER 2022
    * Q3 HEXAGON GROUP, INCLUDING HEXAGON PURUS, GENERATED NOK 1
243
(875) MILLION IN REVENUES
    * Q3 HEXAGON GROUP, INCLUDING HEXAGON PURUS RECORDED
OPERATING
PROFIT BEFORE DEPRECIATION (EBITDA) OF NOK -24 (30) MILLION
    * Q3 REVENUE NOK 1 080 MILLION VERSUS NOK 848 MILLION YEAR
AGO
(EXCLUDING HEXAGON PURUS)
    * Q3 EBITDA NOK 68 MILLION VERSUS NOK 110 MILLION YEAR AGO
(EXCLUDING HEXAGON PURUS)
    * EFFECTUATED PRICE INCREASES AND LOWER INPUT PRICES IN SOME
CATEGORIES WILL CONTRIBUTE TO IMPROVED MARGINS, WHILE THE
GEOPOLITICAL UNCERTAINTIES, ENERGY CRISIS IN EUROPE, CONTINUED
HIGH INFLATION AND RISK OF RECESSION MAKE NEAR TERM FORECASTING
CHALLENGING
    * ON BALANCE WE PREPARE FOR MODEST GROWTH IN 2023 FOLLOWED
BY
RENEWED STRONG GROWTH FROM 2024 ONWARDS

Source text for Eikon:  ID:nGNEGhyZh 
Further company coverage:  HEX.OL 
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