Apr 28, 2023 / 08:00AM GMT
Operator
Good day, and thank you for standing by. Welcome to the Hexagon Third Quarter Report 2023 Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Paolo Guglielmini. Please go ahead.
Paolo Guglielmini - Hexagon AB(publ)-CEO&President
Yes. Thank you very much, and thank you for joining us today. Let's start from Slide 4 to review some of the highlights from this Q1 2023. We had a good solid quarter, posting net sales of EUR 1.287 billion. That represents an 11% reported growth on prior year with strong organic growth of 8 percentage points through from structure and negligible FX in the quarter. We were pleased to see a good uptick in terms of gross margin up to 66.5%, with all-time high in the quarter, 1.4 percentage points above Q1 2022. I would say primarily driven by volume and pricing, but particularly a richer software mix and new product releases that came in at higher gross margin
Q1 2023 Hexagon AB Earnings Call Transcript
Feb 13, 2024
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