Hexagon AB (MEX:HEXAB)

MXN 222.99 0 (0%) Market Cap: 477.45 Bil Enterprise Value: 552.77 Bil PE Ratio: 22.40 PB Ratio: 2.18 GF Score: 93/100

Q3 2019 Hexagon AB Earnings Call Transcript

Oct 30, 2019 / 12:00PM GMT

Transcript

Operator

Hello, and welcome to the Hexagon Q3 Report 2019. (Operator Instructions)

Today, I am pleased to present Ola RollÃ©n. Please go ahead with your meeting.

Ola RollÃ;n;publ;CEO

Hexagon AB;President & Director

© - ()- -

Thank you, and good morning, good afternoon, everyone, and welcome to this third quarter interim report for the Hexagon Group.

And if we start on Page 4, we get an overview of the third quarter. Organic growth was minus 3% in the quarter, and the net sales recorded growth was plus 1%. The best-performing business in the quarter was the PP&M division with an 8% organic growth. SI forecasted return to growth in the third quarter and recorded plus 1%. Geosystems recorded minus 3% organic growth, and it's been negatively impacted by tough comparisons from a big product launch that we saw last year and large orders for the mapping content business, which did not happen this year. We've also seen a general slowdown in the construction sector throughout the quarter.

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