Affärsvärlden has issued a neutral rating for the measurement technology group Hexagon in an analysis published on Tuesday.
Hexagon has emerged from an eventful year marked by significant management changes and structural transactions. Over the past year, the company has replaced its CEO, CFO, and Chairman of the Board. Last autumn, the Design & Engineering division was divested for 2.7 billion euros. This spring, Waygate Technologies was acquired for 1.45 billion dollars. In May, Octave was spun off and began trading on the Stockholm Stock Exchange.
'When calculating our main scenario, we see no significant upside in the stock. We therefore choose to assign a neutral rating and will monitor Hexagon from the sidelines over the coming year until the new Hexagon can demonstrate its true potential', Affärsvärlden wrote in its conclusion.
Hexagon AB specializes in the design, manufacture and marketing of equipment and information systems for geospatial and industrial applications. The group's activity is organized around 2 product families
- metrology systems : stationary and portable measuring equipment, coordinate measuring machines, laser plotters and scanners, etc. The group also offers computer-aided design, manufacturing and engineering software ;
- geospatial solutions : sensors, laser scanners, GPS systems, motorized air vehicles, mobile mapping systems, satellite geolocation systems, etc. The products are intended especially for the sectors of inspection, construction and infrastructure, natural resources, and public security.
Net sales are distributed geographically as follows: Europe/Middle East/Africa (35.4%), Americas (39%) and Asia (25.6%).
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