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 2023 Hexagon AB Earnings Call Transcript

Apr 28, 2023 / 08:00AM GMT
Release Date Price: €10 (-2.91%)
Operator

Good day, and thank you for standing by. Welcome to the Hexagon Third Quarter Report 2023 Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Paolo Guglielmini. Please go ahead.

Paolo Guglielmini;publ;CEO;President
Hexagon AB

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Yes. Thank you very much, and thank you for joining us today. Let's start from Slide 4 to review some of the highlights from this Q1 2023. We had a good solid quarter, posting net sales of EUR 1.287 billion. That represents an 11% reported growth on prior year with strong organic growth of 8 percentage points through from structure and negligible FX in the quarter. We were pleased to see a good uptick in terms of gross margin up to 66.5%, with all-time high in the quarter, 1.4 percentage points above Q1 2022. I would say primarily driven by volume and pricing, but particularly a richer software mix and new product releases that came in at higher gross margin

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