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 2023 Hexagon AB Earnings Call Transcript

Oct 27, 2023 / 08:00AM GMT

Release Date Price: MXN222.99

Transcript

Operator

Good day, and thank you for standing by. Welcome to the Hexagon Q3 Report 2023. (Operator Instructions)

I would now like to turn the conference over to your speaker today, Paolo Guglielmini, President and CEO.

Paolo Guglielmini;publ;CEO;President

Hexagon AB

()-&

Good morning. Thank you very much for attending the call. We are pleased to report a strong third quarter with organic growth of 8%, very solid back-to-back across most divisions. Innovation has been a key driver for us in Q3. We see progress with the investment in cloud platforms, good adoption for autonomy solutions, automated inspection, newly launched product, having good reception from customers, very differentiated reality capture technologies growing very solidly in double digits. All of this gives us a good competitive momentum in most areas. And of course, innovation is also helping us offset the macro weakness that we see in some of the verticals and the regions that we are exposed to.

Gross margin came in resilient at 65%,

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