Hexagon AB (STU:HXGC)
€ 8 -0.1 (-1.23%) Market Cap: 22.27 Bil Enterprise Value: 25.78 Bil PE Ratio: 22.40 PB Ratio: 2.18 GF Score: 93/100

Q1 2021 Hexagon AB Earnings Call Transcript

Apr 29, 2021 / 12:00PM GMT
Release Date Price: €12 (+1.82%)
Operator

Hello, and welcome to Hexagon Q1 report for 2021. (Operator Instructions)

I am now pleased to present Ola Rollén, CEO. Please go ahead with your meeting.

Ola RollÃ;n;publ;CEO
Hexagon AB;President & Director

© - ()- -

Thank you very much. Welcome, everyone, to this first quarter interim report of 2021. And if we turn to Slide #4, overview of the first quarter in '21. Recorded sales increased by 10%. Organic growth, however, increased by 11%. And to the right, you have the sales bridge where you can see that organic growth, 11%, currency, minus 5%, primarily U.S. dollar and Chinese renminbi. And then structure, i.e., acquisitions, contributed with plus 4%. All in all, we recorded EUR 978 million in the quarter in sales, and we also recorded EUR 258 million in EBIT, and that is an increase of 34% compared to the first quarter of 2020. The adjusted operating margin was 26.4%, and the gross margin was 64.4% in the quarter.

We now go to Slide 5. This is just for you to remember that the

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