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

Q2 2021 Hexagon AB Earnings Call Transcript

Jul 27, 2021 / 08:00AM GMT
Release Date Price: €13.7 (+2.24%)
Operator

Welcome to the Hexagon Q2 Report 2021. (Operator Instructions) Today, I am pleased to present Ola Rollén, President and CEO. Please begin your meeting.

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

© - ()- -

Thank you, and welcome, everyone, to this Q2 interim report 2021. And if we move to Slide #4, we can have an overview of the second quarter of 2021.

We recorded sales of 20% and organic growth is 20% as well. And as you can see from the bridge on the right-hand side of this slide, structure and currency was 4% and minus 4%, respectively, and total sales amounts to EUR 1.76 billion. This is actually our strongest quarter ever with sales, earnings, margins and cash flow at an all-time high.

We saw very strong demand in Geosystems and Autonomy & Positioning, solid recovery in MI, recording 31%, 18% and 24% organic growth, respectively. Safety & Infrastructure had tough comps, a very strong quarter in Q2 of 2020, but grew by 2% organic growth. PP&M was the only

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