![]() ![]() Learn more at and follow on Twitter and LinkedIn. Our solutions enable storage, transportation, and conversion to clean energy in a wide range of mobility, industrial and consumer applications. Hexagon delivers safe and innovative solutions for a cleaner energy future. Telephone: +47 950 74 950 | Hexagon Composites ASA Telephone: +47 950 38 364 | Romer, SVP Communications, Hexagon Composites ASA Ingrid Aarsnes, VP Investor Relations & ESG, Hexagon Composites ASA Recognized for its R&D performances, TECHNODIGIT joined HEXAGON Innovation Hub in 2021. Since January 2009, TECHNODIGIT has joined the HEXAGON group, the global leader in measurement technologies. The presentation will also be broadcast live via: TECHNODIGIT is a French company located near Lyon, 10-minute-driving distance from Lyon-Tech La Doua University. The presentation will be held at the DEG8 building, in Dronning Eufemias gate 8, Oslo. Jon Erik Engeset (CEO) and David Bandele (CFO) will present the results at 08:30 am today in Oslo. Presentation of the results today at 08:30 am CET Inflation Reduction Act are expected to significantly drive additional demand for Hexagon’s solutions in the coming years.įor further details, please see the attached third quarter 2022 report and presentation. Together with clients and partners, Hexagon is finding ways to make near-zero and zero emission energy solutions available and affordable while delivering on its purpose of driving energy transformation. “Mitigating actions to combat the challenging operating environment are being implemented to improve margins in 2023.” “We continued to deliver strong revenue growth in the third quarter, up 42% year-over-year,” says Jon Erik Engeset, CEO of Hexagon Group. Hexagon Group, including Hexagon Purus, generated NOK 1 243 (875) million in revenues and recorded an operating profit before depreciation (EBITDA) of NOK -24 (30) million. Hexagon Purus remains fully consolidated in the Hexagon Group accounts, with Hexagon Composites currently retaining 73% ownership. ![]() The market outlook is expected to remain strong, short and long term. Revenue growth was primarily driven by the hydrogen distribution segment. ![]() In the third quarter 2022, Hexagon Purus generated NOK 222 (103) million in revenues and recorded an EBITDA of NOK -92 (-80) million. The profitability was impacted by significantly higher costs of production due to inflation and supply chain challenges. 3 November 2022: Hexagon (excluding Hexagon Purus) delivered NOK 1 080 (848) million in revenues and an operating profit before depreciation (EBITDA) of NOK 68 (110) million in third quarter 2022. ![]()
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