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 24 July 2020, at around 8:00 CET. Hexagon will host a webcast and conference call the same day at 10:00 CET.
This 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 18:00 CET on 13 July 2020.
For further information, please contact:
Maria Luthström, Head of Investor Relations, Hexagon AB, +46-8-601-26-27, firstname.lastname@example.org
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