STOCKHOLM, Jan. 23,
2023 /PRNewswire/ -- Due to an isolated event
concerning unauthorised access of one specific email account that
contained information related to Hexagon's Q4 2022 results, Hexagon
is releasing a summary of its fourth quarter 2022 results ahead of
its full year-end report. A swift investigation confirmed no impact
to Hexagon's internal networks or operations, nor was any evidence
found that confidential information was taken. The incident has
been fully resolved.
Fourth quarter 2022 summary:
- Operating net sales increased by 15 per cent to 1,403.2 MEUR
(1,216.7), reflecting organic growth of 8 per cent, a contribution
from structure of 2 per cent and currency translation effects of 5
per cent.
- All regions saw healthy organic growth development (EMEA: 11
per cent, Americas: 7 per cent and Asia: 7 per cent).
- Geospatial Enterprise Solutions (GES) operating net sales
amounted to 662.0 MEUR (586.5), reflecting organic growth of 5 per
cent, led by a strong development in Autonomy & Positioning (15
per cent) and a stable trend in both Geosystems (4 per cent) and
Safety, Infrastructure & Geospatial (3 per cent).
- Industrial Enterprise Solutions (IES) operating net sales
amounted to 741.2 MEUR (630.2) reflecting organic growth of 12 per
cent, with both Manufacturing Intelligence (13 per cent) and Asset
Lifecycle Intelligence (8 per cent) contributing strongly.
- Adjusted operating earnings (EBIT1) increased by 12 per cent to
418.0 MEUR (373.1) with a corresponding margin of 29.8 per
cent (30.7). The EBIT1 margin was
positively impacted by healthy volume growth, favourable price-cost
development, and new product introductions, reflected in a record
gross margin of 66.2 per cent (65.0),
but negatively impacted by net currency effects (translation
impact: 23.5 MEUR, transaction impact: -20.5 MEUR).
Note: The fourth quarter 2022 summary has not been reviewed
by the Company's auditors.
"Hexagon takes privacy and security seriously and we felt it
prudent to report a summary of our fourth quarter numbers as soon
as possible. Hexagon had a strong finish to 2022, moving into the
new year with good momentum. I look forward to discussing the
results in more detail on 24 January", says Hexagon President and
CEO Paolo Guglielmini.
No additional information will be given ahead of Hexagon
releasing its Year-End report for 2022 on the revised date of
Tuesday, 24 January, at approximately 08:00
CET. A new invitation to the live webcast and telephone
conference with time and call-in details will be announced
separately.
For further information, please contact:
Anton Heikenström, Investor Relations and Business Analyst, Hexagon
AB, +46 8 601 26 26, ir@hexagon.com
Kristin Christensen, Chief Marketing
Officer, Hexagon AB, +1 404 554 0972, media@hexagon.com
This information is information that Hexagon AB is obliged to
make public pursuant to the EU Market Abuse Regulation. The
information was submitted for publication, through the agency of
the contact person set out above, at 08:30
CET on 23 January 2023.
The following files are available for download:
https://mb.cision.com/Main/387/3701346/1796073.pdf
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Hexagon announces a
summary of its Q4 2022 results and changes the release date of its
full year-end report following an isolated email
incident
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SOURCE Hexagon