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

Q2 2020 Hexagon AB Earnings Call Transcript

Jul 24, 2020 / 08:00AM GMT

Release Date Price: MXN196.9

Transcript

Operator

Hello, and welcome to the Hexagon Q2 Report 2020. (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 welcome to the second quarter interim report for 2020.

And if we turn to Slide 4 in the presentation. Overview of the second quarter. Recorded sales decreased by 8% in the quarter, and organic growth was minus 10%. And we saw our software business developing well with solid organic growth across the software portfolios. Safety & Infrastructure and PP&M recorded 14% and 1% organic growth, respectively. Geosystems and Manufacturing Intelligence were hit hard by the shutdowns in primarily North America and Europe and recorded minus 16% and minus 14% organic growth. But we still posted a record second quarter EBIT margin of 21.3%, up against 24.5% in the second quarter of '19. And this was supported by continuous growth in software, which gave us a richer mix and a

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