Apr 30, 2025 / 08:00AM GMT
Operator
Good day, and thank you for standing by. Welcome to the Hexagon Q1 Report 2025 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, Norbert Hanke. Please go ahead.
Norbert Hanke - Hexagon AB - Executive Vice President
Good morning, and thank you for joining our first quarter 2025 conference call. I am Norbert Hanke, Interim President and CEO of Hexagon, and I'm joined by our Chief Strategy Officer, Ben Maslen; and our Chief Financial Officer, David Mills.
In Q1, we delivered 0% organic growth, 67% gross margins and an operating margin of 26% and with a cash conversion of 71%. Recurring revenue grew strongly by 10%. So the quarter began well, but in mid-March, geopolitical uncertainties impacted the volume.
March is the largest month in the quarter for revenues, so this had a sizable impact on our growth potential in Q1. The largest impact, however, was on operating margin. Here, we saw the combination of negative
Q1 2025 Hexagon AB Earnings Call Transcript
Apr 30, 2025
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