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

Q3 2021 Hexagon AB Earnings Call Transcript

Oct 28, 2021 / 08:00AM GMT
Release Date Price: €13.6 (-2.16%)
Operator

Hello, and welcome to the Hexagon Q3 report 2021. (Operator Instructions) Today, I'm pleased to present Ola Rollén, President and CEO. Please go ahead with your meeting.

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

© - ()- -

Thank you, and welcome, everyone, to this third quarter of 2021. If we move straight to Slide 4, the overview of the quarter. We grew by 15%, recorded 10% organic growth, and the bridge is M&A contributed with 4%, currency 1% and organic growth 10%.

Sales netted at EUR 1.077 billion, and EBIT came in at 28% EBIT margin. If we then move to Slide 5, just a reminder that Q3 is our second weakest quarter in the seasonal pattern where Q1 is the weakest typically and Q2 and especially Q4, are strong quarters.

Moving to Slide 6. Key figures for the third quarter. Net sales amounted to EUR 1.077 billion. And as I've just stated, earnings1 or EBIT1 EUR 297 million, which is 19% better than the corresponding period of last year.

We've got the 9-month

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