Sweden's Hexicon Q2 revenue drops, net loss widens

Hexicon AB

27/08/2026 07:16

Overview
Sweden floating wind developer's Q2 revenue fell sharply yr/yr, net loss widened
Company divested TwinHub project and acquired full ownership of Mareld Green Energy AB
After quarter, Mareld offshore wind farm permit was rejected by Swedish Government

Outlook
Hexicon did not provide specific financial guidance for the current quarter or full year in press release

Result Drivers
PROJECT DIVESTMENT - Co completed sale of TwinHub project, removing related assets and liabilities from its balance sheet
MARELD ACQUISITION - Co acquired remaining 50% of Mareld Green Energy AB, with further payment contingent on project success

Company press release: ID:nMFN2ytRP4

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
SEK 1.30 mln
 
Q2 Cash Flow From Operating Activities
 
-SEK 9.40 mln
 
Q2 Loss Per Basic Share
 
SEK 0.15
 
Q2 Operating Profit
 
-SEK 12.50 mln
 
Q2 Pretax Loss
 
SEK 55.30 mln
 

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Aug 27 - Sweden's Eolus Q2 revenue drops sharply on lack of project transactions
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Aug 26 - Switzerland's Gurit H1 sales rise 16% on Wind Materials unit strength

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(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.)