Preliminary reporting indicates revenue of approximately 975 MEUR in Q2 2019, corresponding to organic growth of -1 per cent for the group (FX 2 per cent, structure 3 per cent and recorded 4 per cent) and with organic growth of 3 per cent for GES and -5 per cent for IES. EBIT1 (operating earnings excluding non-recurring items) for the group is expected to be approximately 237 MEUR (Q2 2018: 228 MEUR).
Hexagon has taken proactive restructuring actions to ensure the company remains on track to meet its 2021 financial targets. Overall, Hexagon has taken a one-off charge of 44 MEUR during Q2 2019 to reduce its global workforce by approximately 700 employees, which is expected to result in annualised cost savings of 51 MEUR by the end of 2020.
Hexagon will release its Interim Report for the second quarter 2019 on Friday 26 July at 08:00 CET. As always, a combined telephone conference and live webcast (in English) concerning the report will be presented by President and CEO Ola Rollén on the same day at 10:00 CET.
For further information, please contact:
Daniel Johansson, Investor Relations, Hexagon AB, +46-8-601-26-27, email@example.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 08:00 CET on 5 July 2019.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
|Company Name: Hexagon
Financial data for Hexagon