Due to higher earnings than market expectations for the second quarter of 2020, Hexagon is today publishing its preliminary results. Adjusted operating profit (EBIT1) for the second quarter 2020 amounted to 226 MEUR (239) corresponding to an EBIT1 margin of 25.3 per
As previously communicated, Hexagon is implementing long-term cost saving actions and has taken a one-off charge of -135 MEUR in the second quarter which is expected to result in annualised cost savings of approximately 125-150 MEUR by the end of 2020. The implementation of these long-term measures is expected to offset any reversal of the short-term saving effects seen during the second quarter.
All figures presented in this press release are preliminary. Hexagon will not make any further comments until the report for the second quarter of 2020 has been published on
For further information, please contact:
Maria Luthström, Head of Investor Relations,
This is information that
Hexagon is a global leader in sensor, software and autonomous solutions. We are putting data to work to boost efficiency, productivity, and quality across industrial, manufacturing, infrastructure, safety, and mobility applications.
Our technologies are shaping urban and production ecosystems to become increasingly connected and autonomous - ensuring a scalable, sustainable future.
Hexagon (Nasdaq Stockholm: HEXA B) has approximately 20,000 employees in 50 countries and net sales of approximately
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