Q4 2024 Hexagon AB Earnings Call Transcript

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Jan 31, 2025

Jan 31, 2025 / 09:00AM GMT
Norbert Hanke - Hexagon AB - Executive Vice President

Good morning, and thank you for joining our fourth quarter and full-year 2024 conference call. I'm Norbert Hanke, Interim President and CEO of Hexagon, and I'm joined by Chief Strategy Officer, Ben Maslen; and our Chief Financial Officer, David Mills.

For those of you I have not met, I have been with Hexagon for over 20 years in a number of roles, including being President of the Manufacturing Intelligence division, and most recently as Chief Operating Officer. Therefore, I have a pretty good understanding of Hexagon about its markets, customers, it is and its potential. And I was happy to step in as Interim President and CEO during this period of leadership change.

Now turning to our performance this quarter. In Q4, we had delivered a modest organic growth in -- of 1% with strong growth in software and new product launches, offsetting the weakness in key markets, which has been seen throughout 2024. The gross margin maintained to be very strong at 67%, reflecting innovation-driven pricing power and the strong product mix. The

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