Q1 2026 Hexagon AB Earnings Call Transcript
Key Points
- Hexagon AB (HXGBF) reported strong financial performance with 8% organic growth and a 26% operating margin.
- The company completed the sale of its Design & Engineering business for approximately EUR2.7 billion, enhancing its focus on core precision measurement and positioning opportunities.
- Hexagon AB (HXGBF) announced the acquisition of Waygate Technologies, expanding its Manufacturing Intelligence into non-destructive testing.
- The company achieved a significant milestone with its humanoid robot, AEON, which successfully completed a pilot at BMW and will be deployed in production.
- Hexagon AB (HXGBF) demonstrated strong cash conversion at 77%, a significant improvement from the previous year.
- Currency headwinds negatively impacted Hexagon AB (HXGBF)'s financial performance, with a 6% negative impact on revenue.
- The company faced gross margin pressure due to tariffs and input cost inflation.
- China reported a 4% decline in performance, impacted by weaker Geosystems business and completion of destocking actions.
- The automotive sector remained under pressure, particularly in EMEA and China.
- Hexagon AB (HXGBF) anticipates continued currency headwinds and macroeconomic uncertainties, including tariffs and Middle East conflicts.
Good day, and thank you for standing by. Welcome to the Hexagon Q1 report 2026 webcast and 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 first speaker today, Anders Svensson, President and CEO of Hexagon. Please go ahead, sir.
Thank you, operator. Good morning, everyone, and welcome to Hexagon's first-quarter 2026 conference call. First, I will direct you to the standout cautionary statement, and then we turn into the next slide.
Before I begin, a reminder that the upcoming potential spin of Octave, we are now presenting Octave as discontinued operations. We have provided this first bridge here for you to understand the performance of continuing Hexagon, Octave and taking them both together, meaning the former Hexagon Group.
Looking at the headline numbers for the first quarter. Hexagon continuing operations delivered a revenue of EUR964 million, with an
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