Hexagon AB (OSTO:HEXA B)
kr 120.35 1.05 (0.88%) Market Cap: 323.06 Bil Enterprise Value: 362.02 Bil PE Ratio: 33.42 PB Ratio: 2.74 GF Score: 95/100
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Q1 2021 Hexagon AB Earnings Call Transcript

Apr 29, 2021 / 12:00PM GMT
Release Date Price: kr120.49 (+0.40%)
Operator

Hello, and welcome to Hexagon Q1 report for 2021. (Operator Instructions)

I am now pleased to present Ola Rollén, CEO. Please go ahead with your meeting.

Ola RollÃ;n;publ;CEO
Hexagon AB;President & Director

© - ()- -

Thank you very much. Welcome, everyone, to this first quarter interim report of 2021. And if we turn to Slide #4, overview of the first quarter in '21. Recorded sales increased by 10%. Organic growth, however, increased by 11%. And to the right, you have the sales bridge where you can see that organic growth, 11%, currency, minus 5%, primarily U.S. dollar and Chinese renminbi. And then structure, i.e., acquisitions, contributed with plus 4%. All in all, we recorded EUR 978 million in the quarter in sales, and we also recorded EUR 258 million in EBIT, and that is an increase of 34% compared to the first quarter of 2020. The adjusted operating margin was 26.4%, and the gross margin was 64.4% in the quarter.

We now go to Slide 5. This is just for you to remember that the

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