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Second quarter (April 1 – June 30, 2024)
- Net sales decreased by 10 percent to MSEK 2,024 (2,258). Sales decreased organically by 18 percent.
- EBITA decreased by 45 percent to MSEK 222 (405), corresponding to an EBITA margin of 11.0 percent (17.9).
- Operating profit (EBIT) decreased by 49 percent to MSEK 192 (377), corresponding to an operating margin of 9.5 percent (16.7).
- Net result decreased by 66 percent to MSEK 89 (259).
- Earnings per share after dilution amounted to SEK 0.44 (1.27).
- Our new focus areas, Harsh Environment and Data Center, continued to improve with strong organic and acquisition-driven growth in the second quarter.
- Leverage ratio (net debt/EBITDA (pro forma), R12) amounted to 2.2x compared to 1.7x as of December 31, 2023
- Cash flow from operating activities amounted to MSEK 221 (348).
Significant events during the quarter
- Hexatronic announced changes in the company's executive management. Jakob Skov, Head of focus area Harsh Environment, joined the company's executive management as of April 2024 and in June 2024 Pernilla Grennfelt joined Hexatronic as Head of Investor Relations and the company's executive management.
- The AGM resolved, for the period until the next Annual General Meeting, to re-elect Erik Selin, Helena Holmgren and Jaakko Kivinen and to elect Magnus Nicolin, Diego Anderson, Linda Hernström and Åsa Sundberg as members of the Board of Directors. Magnus Nicolin was elected as Chairman of the Board of Directors.
- Hexatronic has been selected by NOVOS FiBER as a strategic partner in the U.S. market for Hexatronic's end-to-end fiber-to-the-home (FTTH) solution. The agreement initially runs for a period of three years and is expected to generate sales of approximately 400 MSEK.
Significant events since the end of the quarter
- No significant events occurred after the end of the quarter.
CEO Henrik Larsson Lyon in an interview about
Hexatronic Group's Interim report Q2, 2024
Publication
This is information that Hexatronic Group AB (publ) is obliged to make public pursuant to the Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication through the agency of the contact person set out below on July 16, 2024 at 07.00 CEST.
Please direct any questions to:
- Henrik Larsson Lyon, President and CEO, + 46 (0)70-650 34 00
- Pernilla Lindén, CFO, + 46 (0)70-877 58 32
- Pernilla Grennfelt, Head of Investor Relations, +46 (0)70 290 99 55