Apr 26, 2024 / 08:00AM GMT
Operator
Good day, and thank you for standing by. Welcome to Hexagon First Quarter 2024 Report Conference Call. (Operator Instructions) Please be advised today's conference is being recorded.
It is now my pleasure to hand you over to the President and CEO of the company, Mr. Paolo Guglielmini. Please go ahead, sir.
Paolo Guglielmini - Hexagon AB(publ)-CEO&President
Yes, good morning. Thank you for joining our Q1 2024 earnings call. We are pleased to report another solid quarter with organic revenue growth of 3%, resilient margins and strong cash conversion.
Slow demand in Europe and the weak construction market, combined with strong comparable growth in prior periods, made for a difficult backdrop. But the team did very well to capitalize on a strong U.S. market, the demand from countercyclical verticals and more importantly, our own innovation and proximity to clients in order to deliver a 13th quarter of consecutive growth.
The gross margin at 66.5% and the operating margin at 29% were
Q1 2024 Hexagon AB Earnings Call Transcript
Apr 27, 2024
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