Q4 2025 Hexagon Composites ASA Earnings Call Transcript
Key Points
- Hexagon Composites ASA (HXGCF) reported sequential revenue growth and improved profitability in Q4 2025, with revenues reaching NOK831 million.
- The acquisition of SES Composites added NOK97 million to the top-line and NOK4 million to EBITDA, solidifying Hexagon as a leading supplier to European transit bus OEMs.
- The company implemented a cost and cash optimization program, achieving a 25% reduction in workforce headcount and NOK200 million in personal and SG&A cost reductions.
- Hexagon's refuse segment in fuel systems delivered record annual revenues of around NOK800 million, demonstrating resilience and stable demand.
- The company secured a significant order from a leading truck operator in Mexico, valued at approximately NOK110 million, showcasing the performance of their natural gas-powered trucks.
- Hexagon Composites ASA (HXGCF) faced macroeconomic uncertainty and low investment appetite in its core North American markets, impacting performance.
- The mobile pipeline segment experienced a pronounced cyclical downturn in 2025, driven by lower shale activity and delayed CapEx decisions.
- Despite improvements, the mobile pipeline segment remains below the point of financial breakeven.
- The aftermarket business saw lower revenues due to decreased truck volumes and delayed maintenance among CNG fleet operators.
- There is a risk of covenant breach, and the company is in discussions with banks to address this, indicating potential financial challenges.
Good morning everyone and welcome to Exelon Compulsive Q4 and full year 2025 presentation. My name is Prith Katrin Hevik and I'll be moderating today's presentation. Joining me in the studio today is our CEO Philip Schramm and CFO Eirik Lore.
They will take you through a company update, financials, and outlook before we wrap up with the Q&A session.
With a reminder that you may submit questions on your screen at any point during the presentation.
And with that, I'll hand the word over to Philip.
Thank you so much, Fareed Katrine.
Good morning everyone and thank you for joining us for our Q4 and full year 2025 results presentation. Before we begin, I would like to extend a warm welcome to Eric Lohr, who stepped in as our CFO. Eric has been a core member of our executive team for the past 4 years, and he has a strong understanding of our organization, and
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
