Norway · Delayed Price · Currency is NOK Hexagon Composites ASA Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw improved performance, sequential revenue growth, and strong cost actions, despite ongoing market softness. Regulatory clarity and diversification efforts, including new orders in Mexico and space, support cautious optimism for 2026, with profitability expected to improve.
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Q3 saw weak results with NOK 538 million in revenue and -NOK 54 million EBITDA, driven by macroeconomic headwinds and a cyclical downturn. Cost-saving measures, an equity raise, and strategic initiatives aim to secure liquidity and position for future growth.
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Q2 results reflect macroeconomic challenges, with revenues at NOK 674 million and EBITDA of NOK 12 million. Cost-saving actions and new orders in Fuel Systems signal emerging momentum, while liquidity remains strong and the company is positioned for growth as markets recover.
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Q1 2025 delivered steady results with NOK 912 million in revenue and strong growth in fuel systems and refuse, offset by a decline in mobile pipeline. Guidance for 2025 is paused due to macro uncertainty, but long-term growth targets remain intact.
Fiscal Year 2024
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Record Q4 2024 results with 21% revenue growth and 17% EBITDA margin, driven by strong segment performance and operational improvements. 2025 is expected to be a transition year with growth weighted to the second half, supported by new truck platforms and market recovery.
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Q3 2024 delivered record EBITDA and strong revenue growth, driven by operational efficiencies and robust demand in RNG and Mobile Pipeline segments. Guidance for 2024 EBITDA was raised, and the company is well-positioned for continued growth with a completed production ramp-up and new CEO joining in 2025.
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Q2 2024 saw strong revenue and margin growth, driven by heavy-duty truck sales and major orders, while the Ragasco divestment strengthened the balance sheet. Guidance for 2024 remains robust, with continued margin expansion and a focus on cost competitiveness.