Hexagon Composites

Hexagon Composites reported Q2 2026 revenue of NOK 627 million and EBITDA of NOK 69 million (11% margin) and raised its full‑year EBITDA guidance from above NOK 200 million to around NOK 300 million. Improved profitability was driven by cost reductions (including a 25% headcount cut), a more favorable product mix and better operational execution. The company received a major order from Certarus worth $100 million for Mobile Pipeline, significantly reduced net debt following a capital increase and expects a stronger second half. » Altro su de.investing.com

Hexagon Composites reported Q1 2026 revenue of NOK 669 million and an improved EBITDA margin of 8.5% following extensive cost cuts and staff reductions. The company completed a NOK 550 million equity raise and extended loan facilities to Q2 2029, reducing pro‑forma net interest‑bearing debt from NOK 1,262 million to NOK 742 million and increasing liquidity. Hexagon is targeting EBITDA above NOK 200 million and positive free cash flow in 2026, focusing on CNG truck growth, its mobile pipeline business and aerospace/space contracts, but faces short‑term market and cost risks; the stock fell 11.72% after the presentation. » Altro su de.investing.com

Hexagon Composites recorded a clear sequential recovery in Q4 2025: revenue rose from 538 to 831 million NOK, EBITDA improved from -54 to 156 million NOK (adjusted EBITDA 49 million NOK). The company cited positive cash flow development (free cash flow 102 million NOK), an equity ratio of 50% and available liquidity of 561 million NOK. In response to the difficult market environment, Hexagon implemented cost reductions (around 25% headcount reduction) and optimized working capital and investments; the acquisition of SES contributed positively to the result. For 2026, management expects cautious growth or stability in revenue, a marked improvement in profitability and positive free cash flow, but sees continued challenges in certain segments. » Altro su de.investing.com